Should i take the 1 percent or the $3000 discount

Reference no: EM13299516

You Have Two Options For The Purchase Of A New Car. You Can Either Receive A $3,000 Discount Off Of The $25,000 Price, Or You Can Receive 1 Percent Financing For 5 Years. Assume Annual, Year-end Payments And An 8 Percent Cost Of Funds. Should i take the 1 percent or the $3000 discount?

Reference no: EM13299516

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