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please do it in 25 minutes please urgently.. I'll give you up thumb definitely 14. You plan to buy a $32,788.00 car. The dealership offers
please do it in 25 minutes please urgently.. I'll give you up thumb definitely
14. You plan to buy a $32,788.00 car. The dealership offers zero-percent financing for 59.000 months, with the first payment due at signing (today). You have approval for an auto loan from XYZ Bank at an interest rate of 4.58% compounded monthly. What must be the cashback offered by the dealer such that you are indifferent between the two financing schemes? [Hint: With 0% financing, you will make equal monthly payments such that the sum of the payments is equal to the cost of the car.] a. $3,559.92 b. $3,786.80 c. $3,465.22 d. $3,367.46 e. None of the aboveStep by Step Solution
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