Bahwan Automobiles is offering free credit of OMR25000 on a new corolla car. You pay OMR3000 down and then OMR500 a month for the next 25 months. OTE Motors in Sur does not offer free credit but will give you OMR3,000 off the list price. If the rate of interest is .5 % a month, which company is offering the better deal
Bahwan Automobiles is offering free credit of OMR25000 on a new corolla car. You pay OMR3000 down and then OMR500 a month for the next 25 months. OTE Motors in Sur does not offer free credit but will give you OMR3,000 off the list price. If the rate of interest is .5 % a month, which company is offering the better deal
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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- Bahwan Automobiles is offering free credit of OMR25000 on a new corolla car. You pay OMR3000 down and then OMR500 a month for the next 25 months. OTE Motors in Sur does not offer free credit but will give you OMR3,000 off the list price. If the rate of interest is .5 % a month, which company is offering the better deal?
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