Which is the better deal and why

Reference no: EM13178976

To boost sales, car dealerships often offer customers the chance to pay off the purchase price of an automobile at 0% interest for a specific number of years followed or choose an instant monetary discount on the price of the vehicle while making regular monthly payments with interest compounded monthly. Suppose a person purchases a car with no money down. Search automobile sales advertisements for this type of promotion. Note the terms: 0% interest for ? number of years, the instant dollar discount, the retail price of the vehicle, and the interest rate of the loan. Given those figures, which is the better deal and why? Support your answer with calculations.

Reference no: EM13178976

Questions Cloud

What one thing about the experience made you feel good : what one thing about the experience made you feel good about it? Why? In reflecting on the unpleasant experience, what one thing about the experience made you feel uncomfortable about it? Why? Consider what you do for work on a day-to-day basis. G..

Find the area of the region bounded by the parabola : Find the area of the region bounded by the parabola y = 5x^2, the tangent line to this parabola at (4, 80), and the x-axis.

Find the dimensions of the biggest enlargement : a postcard is 6in by 4in.a printing shop will enlarge it so that the longer side is any length up to 3 ft. find the dimensions of the biggest enlargement.

Which country should have a higher growth rate : The growth rate of population in Country A is greater than in Country B. According to the Solow model, which country should have a higher growth rate of output per worker?

Which is the better deal and why : Note the terms: 0% interest for ? number of years, the instant dollar discount, the retail price of the vehicle, and the interest rate of the loan. Given those figures, which is the better deal and why? Support your answer with calculations.

Which country has higher investment in human capital : Countries A and B have the same rates of investment, population growth, and depreciation. Country A has a higher rate of growth than does Country B. According to the Solow model, which country has higher investment in human capital?

What would be the null hypothesis for a chi-square test : What would be the null hypothesis for a chi-square test for testing if the claim made in the medical journal is indeed true?

Prepare a cost of production report : Prepare a cost of production report, and identify the missing amounts for Work in Process-Roasting Department

Find the total output of goods needed to satisfy a consumer : Find the total output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products and $160 million worth of manufactured goods. (Round your answers to one decimal place.)

User Account

All Pages