"> (Solution) -When shopping to replace the delivery truck in the last question you found a competing dealer who offered this choice: Option 1. Get $3000 'cash... Paper Detail – Transwriters

(Solution) -When shopping to replace the delivery truck in the last question you found a competing dealer who offered this choice: Option 1. Get $3000 'cash...


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The Question

When shopping to replace the delivery truck in the last question you found a competing dealer who offered this choice:  Option 1.  Get $3000 'cash back', then pay the balance in 5 annual payments at 2.0%;  Option 2.  pay 'full price' in 5 annual installments at no (0%) interest.  Which is the better deal, that is, under which deal will you PAY LESS? How much more or less does the better option cost compared to your answer in number 3 once all payments are made?

 


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Solution #0009147624345

(Solution) -When shopping to replace the delivery truck in the last question you found a competing dealer who offered this choice: Option 1. Get $3000 'cash....zip

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This paper was answered on 10-Jan-2018

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DATE ANSWERED

Jan 10, 2018

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