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You are buying a car that costs $34,839. You have no money to put down. You can either: Get a rebate of $2,612 and finance
You are buying a car that costs $34,839. You have no money to put down. You can either:
- Get a rebate of $2,612 and finance the rest of the cost of the car ($34,839 - $2,612) at an interest rate of 4.62% over 6 years,
- Or you can forgo the discount and finance the car (all $34,839) over 6 years at 0.00% interest.
(Calculate the lowest monthly payment in dollars and cents)
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Management Accounting For Business
Authors: Colin Drury, Mike Tayles
8th Edition
1473778808, 978-1473778801
