Business, 15.04.2020 01:08 bella219rose

Pay $500 per month for 20 months and an additional $12,000 at the end of 20 months. The dealer is charging an annual interest rate of 24%. Make a one-time payment of $14,906, due when you purchase the car. 1-a. Determine how much cash the dealer would charge in option (a). (Round your answer to 2 decimal places.) 1-b. In present value terms, which offer is clearly a better deal

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Pay $500 per month for 20 months and an additional $12,000 at the end of 20 months. The dealer is ch...