Question
What is your NET cost for owning this car if you finance it for a period of five years and sell it for residual value
What is your NET cost for owning this car if you finance it for a period of five years and sell it for residual value at the end of five uears.
Purchase price $20,000, APR 2.50%, Residual value $11,400
$21,996
$18,820
$9,897
$8,922
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CFIN
Authors: Scott Besley, Eugene Brigham
5th edition
1305661656, 9781305888036 , 978-1305666870
