Question
You are considering purchasing a car from your local dealer. The sticker price on the car is $18,000. You have two choices to pay for
You are considering purchasing a car from your local dealer. The sticker price on the car is $18,000. You have two choices to pay for the car.
(i) If you purchase the car from the dealer you will receive your Hofstra Alumni Cash Back Discount to reduce the price to $16,000. To receive this deal, you have to finance the car through the dealer with 24% APR and monthly payments.
(ii) The second option is to take an $18,000 loan from Chase with a 12% APR with monthly payments. If both loans are 5 years in length, which option should you choose, i.e. lower payment?
If both loans are 5 years in length, which option should you choose, i.e. lower payment?
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Impact Of Aircraft Sourcing And Financing On Financial Success A Strategic View On Basic Aircraft Sourcing And Financing Characteristics And Their Impact On A Stock Market And Long Term Financial Performance Of A Aircraft Operating And Holding Companies
Authors: Ralf Günther
1st Edition
3658240938,3658240946
