aaanderson59
aaanderson59
28.06.2019 • 
Business

You are about to purchase a new car from a dealer who has a new and unusual payment plan. you have the choice to pay $29,000 cash today or $32,000 in 4 years. if you have the opportunity to borrow the cash price value of the car at a rate of 3.0% and repay the loan in a lump sum in 4 years, which option should you take and why?

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