Derek plans to buy a $31,184.00 car. The dealership offers zero percent financing for 55.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him to pay him $____ six months from today. He can borrow money from his bank at an interest rate of 5.24%. Please give me only correct answer. Someone give me incorrect.
Derek plans to buy a $31,184.00 car. The dealership offers zero percent financing for 55.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him to pay him $____ six months from today. He can borrow money from his bank at an interest rate of 5.24%. Please give me only correct answer. Someone give me incorrect.
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
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Derek plans to buy a $31,184.00 car. The dealership offers zero percent financing for 55.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him to pay him $____ six months from today. He can borrow money from his bank at an interest rate of 5.24%.
Please give me only correct answer. Someone give me incorrect.
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