![tasnimabdallah971](/avatars/46540.jpg)
tasnimabdallah971
19.07.2019 •
Business
She has negotiated a sales price of $24,145 and she has a $4,000 down payment. she is eligible for the full $750 cash rebate. her bank has pre-approved her for a 48 month car loan at 3.50%. assuming zara wants the cheapest overall price, which option should she take? should she take the 1.9% financing offer for 66 months from the dealer, or should she borrow the money from her bank at 3.50% to pay off the dealer and receive the $750 cash rebate?
Solved
Show answers
More tips
- C Computers and Internet How to Download Movies from Torrents?...
- F Food and Cooking How to Make the Perfect Glühwein: Step-by-Step Guide...
- A Animals and plants How to Grow Lime from a Seed: Simple Tips and Interesting Facts...
- S Style and Beauty How to Properly Tie a Tie: 5 Simple Steps...
- C Computers and Internet Dynamically Assigned IP Address: What Is It and How Does It Work?...
- C Computers and Internet How to Check the Speed of My Internet?...
- H Health and Medicine 5 Simple Steps to Quit Smoking for Good...
- C Computers and Internet How to Download Videos from YouTube? Simple Steps to Download Any Content...
- H Health and Medicine What is the Normal Blood Sugar Level in a Healthy Person?...
- S Style and Beauty How to Get Rid of Acne: Scientifically Proven Methods...
Answers on questions: Business
- M Mathematics Aline passes through the point −10,9 and has a slope of 12 . write an equation in slope-intercept form for this line....
- S Social Studies What is the most likely reason why many of the new york factory investigating commission’s suggestions were not implemented immediately?...
- M Mathematics 100 x 500 x 250 x 600 x 900 x 10 000 x 0 x 500 x 60 x 70 x 50 x 90 + 1 x 50 =...
- M Mathematics How do i find the value of theta given to area of the sector and the radius...
Ответ:
The best overall price will be the bank offer because the cash disbursement are lower. Zara is looking for the cheapest overall price, which means the less cash disbursement regardless of the interest.
Explanation:
For the dealer option we need to calculate the cuota for an annuity of 66 month at 1.9% rate which a present value of 24,145 - 4,000 = 20,145
The cuota for the dealer will be 321.69447 = 321.69
321.69 x 66 = 21231.54 overall cash price
Bank couta will be the annuity of 48 months at 3.50%
here we are using the cash rebate so 24,145 - 4,000 - 750 = 19,395
Cuota from the Bank 431.01181 = 431.01
431.01 x 48 = 20688.48 overall cash price
Ответ:
confusing that's what