L amp m auto is offering the option of either 0 financing, Ask an Expert

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L & M Auto is offering the option of either 0% financing for 5 years (monthly payments) or upfront cash back of $4,800 on the $41,000 purchase price of your new car. No upfront money is required for the purchase of the car. What is the annual percent rate (APR) of the 0% financing after factoring in the opportunity cost of foregoing the cash back option?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91946112

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