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Jessica would like to buy a new truck, she found the following ad - she has negotiated a sales price and has a down payment.
Jessica would like to buy a new truck, she found the following ad she has negotiated a sales price and has a down payment. She is eligible for the full cash rebate. Her bank has preapproved her for a loan. Assuming Jessica wants the cheapest overall price, which option should she take? Should she take the financing offer from the dealer, or should she borrow from the bank to pay off the dealer and receive the cash rebate? you will need to pull the data from the "Info Sheet" and solve for the missing information.
Sales Price $
Down Payment $
Cash Rebate $
Bank Loan Years
Bank Loan Rate
Dealer Option Years
Dealer Option Rate
Payment monthly
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