Business, 25.02.2020 00:07 broyochey1

2. The salesperson offers, "Buy this new car for $25,000 cash or, with appropriate down payment, pay $500 per month for 48 months at 8% (annual) interest." Assuming that the salesperson does not offer a ‘free lunch’, calculate the "appropriate" down payment.

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2. The salesperson offers, "Buy this new car for $25,000 cash or, with appropriate down payment, pay...