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What should be the cash price today for the car

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Reference no: EM13174178

you are thinking about buying a new car. the salesman tells you that you can pay $3000 today and $5000 in two years and drive away with the car today. If you know that the company charges 26% interest on outstanding balances what should be the cash price, today, for the car?

If he offers a special to pay 6500 in cash right now for the car is this a good deal?

Reference no: EM13174178

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