A car sticker price of 36500 the dealer will finance this, Ask an Expert

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A car sticker price of $36,500. the dealer will finance this car at this amount for 0% or you can get your own financing and get a rebate of $4,200. a. Find the monthly payment if financed for 60 months at 0% APR. b. Find the monthly payment if financed at 2.5% add-on interest for 60 months. c. Find the APR for part b d. State whether the 0% APR of the 2.5% add-on rate should be preferred. Show work with solution.

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Financial Management, Finance

Category:- Financial Management
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