Which option is best for each repayment period and why

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You are going to finance a new vehicle that costs $30,000. You have the option of taking$2500 cash back or a 2.5% financing package. You can borrow money at 7.50%. Both options allow repayment over 3, 4 or 5 years on a monthly basis. Which option is best for each repayment period and why?

Reference no: EM13720182

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Which option is best for each repayment period and why : You are going to finance a new vehicle that costs $30,000. You have the option of taking$2500 cash back or a 2.5% financing package. You can borrow money at 7.50%. Both options allow repayment over 3, 4 or 5 years on a monthly basis. Which option is ..

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