Question
You are looking at buying a car. The car costs $23,000 and you have $3,000 saved up for a down payment. You have been pre-approved
You are looking at buying a car. The car costs $23,000 and you have $3,000 saved up for a down payment. You have been pre-approved by your credit union for a 3.00% auto loan for 3 years. The dealer is also offering you a choice between a 0% loan for 3 years or $1,500 cash back.
How much is your payment if you choose the credit union loan?
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To calculate your monthly payment for the credit union loan you can use the formula fo...
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
