Ask a New Question

Is it more economical to buy an automobile for $29,000 cash or to pay $4,500 down and $3,000 at the end of each quarter for 2 years, if the money is worth 8% compounded quarterly? what is the cash equivalent savings by picking the better plan?

1 answer

54

Ask a New Question or answer this question.

Similar Questions

Is it more economical to buy an automobile for $29,000 cash or to pay $4,500 down and $3,000 at the end of each quarter for 2
1. 1 answer
Is it more economical to buy an automobile for $29,000 cash or to pay $4,500 down and $3,000 at the end of each quarter for 2
1. 1 answer
Of three automobiles left on the lot, one was inexpensive, one was cheap, and one was economical.Which word describes the
1. 1 answer
Janfer Book Store purchased a new automobile that cost $10,000, made a down payment of $3,000, and signed a note payable for the
1. 0 answers

more similar questions