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QUESTION 8. Brianna purchases a Mitsubishi Lancer for $18,940, plus 17% in taxes and fees. She will finance the entire amount using one of the following options: A. 0% financing for 36 months B. 1.9% financing for 48 months C. 7.7% financing for 72 months With which option should Brianna go? Justify the choice by mapping out all financial scenarios fully

QUESTION 8. Brianna purchases a Mitsubishi Lancer for $18,940, plus 17% in taxes and fees. She will finance the entire amount using one of the following options: A. 0% financing for 36 months B. 1.9% financing for 48 months C. 7.7% financing for 72 months With which option should Brianna go? Justify the choice by mapping out all financial scenarios fully

Essentials Of Investments
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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QUESTION 8. Brianna purchases a Mitsubishi Lancer for $18,940, plus 17% in taxes and fees. She will finance the entire amount using one of the following options: A. 0% financing for 36 months B. 1.9% financing for 48 months C. 7.7% financing for 72 months With which option should Brianna go? Justify the choice by mapping out all financial scenarios fully. 8,940 + 22,159.-
Transcribed Image Text:QUESTION 8. Brianna purchases a Mitsubishi Lancer for $18,940, plus 17% in taxes and fees. She will finance the entire amount using one of the following options: A. 0% financing for 36 months B. 1.9% financing for 48 months C. 7.7% financing for 72 months With which option should Brianna go? Justify the choice by mapping out all financial scenarios fully. 8,940 + 22,159.-
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Purchasing is done by monthly installments that carry the payment for interest and payment for principal amount also and but payments for principal and interest changes month to month.

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