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6 Nov 2019
I would like to know if my answers is correct?
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,400 with factory and dealer rebates of $5,100 Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round your answer to the nearest cent.) Use the APR for part (b). (Round your answer to one decimal place.) State whether the 0% APR or the 2.5% add-on rate should be preferred. 0% APR 2.5% add-on rate Show transcribed image text
I would like to know if my answers is correct?
Assume the car can be purchased for 0% down for 60 months (in lieu of rebate). A car with a sticker price of $42,400 with factory and dealer rebates of $5,100 Find the monthly payment if financed for 60 months at 0% APR. (Round your answer to the nearest cent.) Find the monthly payment if financed at 2.5% add-on interest for 60 months. (Round your answer to the nearest cent.) Use the APR for part (b). (Round your answer to one decimal place.) State whether the 0% APR or the 2.5% add-on rate should be preferred. 0% APR 2.5% add-on rate
Show transcribed image text Patrina SchowalterLv2
5 May 2019