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You have decided to buy a car, the price of the car is $18,000. The car dealer presents you with two choices: - (A) Purchase
You have decided to buy a car, the price of the car is $18,000. The car dealer presents you with two choices: - (A) Purchase the car for $18,000 and receive a $2000 instant rebate, with a 4% interest 60 -month loan with monthly payments. - (B) Purchase the car for $18,000, with a 0.9% interest 60-month loan with monthly payments. Which option would you choose and why
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