Business, 19.12.2019 20:31 hannahkharel2

You can buy a car that is advertised for $18,720 on the following terms: (a) pay $18,720 and receive a $3,720 rebate from the manufacturer; (b) pay $520 a month for 3 years for total payments of $18,720, implying zero percent financing. a. calculate the present value of the payments for option (a) if the interest rate is .75% per month.

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You can buy a car that is advertised for $18,720 on the following terms: (a) pay $18,720 and receiv...