Question
The car of your dreams is priced at $43,000. The dealer is offering to finance 100% of the price at 5.50% over 78 months. Alternatively,
The car of your dreams is priced at $43,000. The dealer is offering to finance 100% of the price at 5.50% over 78 months. Alternatively, a local bank is offering 100% financing at a lower rate of 4.95% over 48 months. If your max monthly payment is $700, which one would you opt for?
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Advanced Financial Risk Management Enterprise Wide Risk Management In Theory And Practice
Authors: Donald Van Deventer, Kenji Imai, Mark Mesler
3rd Edition
1547416157, 9781547416158
