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Question: A piece of airport baggage handling equipment can be purchased for $80,000 cash or for $84,000 to be financed over 60 months at 0% interest. This special offer is good for only the next two days. The salesperson states that at least $20,000 can be saved by the 0% offer compared to their "traditional" financing plan at 0.75% per month over 60 months. Is this claim really true? Show all your work.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92314399

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