You decide to buy a truck. They offer a $3500 rebate off the purchase price OR 0% for 72 months. The truck you want costs $50,000. Take the rebate off the purchase price at the time of purchase (PW). 10. You choose with no rebate] 11. You made that choice because the cost per month between the 4% loan with rebate vs. (The Rebate with a 4% per year interest loan, the 0% loan the 0% is
You decide to buy a truck. They offer a $3500 rebate off the purchase price OR 0% for 72 months. The truck you want costs $50,000. Take the rebate off the purchase price at the time of purchase (PW). 10. You choose with no rebate] 11. You made that choice because the cost per month between the 4% loan with rebate vs. (The Rebate with a 4% per year interest loan, the 0% loan the 0% is
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![New 2021
Ram
1500
Lone Star
Get
0% APR
for 72 months
You decide to buy a truck. They offer a $3500 rebate off the purchase price OR 0% for 72
months. The truck you want costs $50,000. Take the rebate off the purchase price at the time of
purchase (PW)-
10. You choose
[The Rebate with a 4% per year interest loan, the 0% loan
with no rebate]
11. You made that choice because the cost per month between the 4% loan with rebate vs.
the 0% is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe25cc011-3f7b-4eb1-a1b6-17d8d45af470%2F392ce67a-1630-4239-9132-4685f10375f0%2F9i4a93m_processed.jpeg&w=3840&q=75)
Transcribed Image Text:New 2021
Ram
1500
Lone Star
Get
0% APR
for 72 months
You decide to buy a truck. They offer a $3500 rebate off the purchase price OR 0% for 72
months. The truck you want costs $50,000. Take the rebate off the purchase price at the time of
purchase (PW)-
10. You choose
[The Rebate with a 4% per year interest loan, the 0% loan
with no rebate]
11. You made that choice because the cost per month between the 4% loan with rebate vs.
the 0% is
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