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Use PMT= -nt Round to the nearest dollar. Suppose that you are buying a car for $60,000, including taxes and license fees. You saved $20,000
Use PMT= -nt Round to the nearest dollar. Suppose that you are buying a car for $60,000, including taxes and license fees. You saved $20,000 for a down payment. The dealer is offering you two incentives: Incentive A is a $5000 off the price of the car, followed by a five-year loan at 7.35% Incentive B does not have a cash rebate, but provides free financing (no interest) over five years. What is the difference in monthly payments between the two offers? Which incentive is the better deal? A. approximately $16; Incentive A is the better deal. OB. approximately $68; Incentive A is the better deal. OC. approximately $32; Incentive B is the better deal. D. approximately $84; Incentive B is the better deal
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