1. Business
  2. Finance
  3. derek plans to buy a 3198100 car the dealership offers...

Question: derek plans to buy a 3198100 car the dealership offers...

Question details

Derek plans to buy a $31,981.00 car. The dealership offers zero percent financing for 51.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $____ cash back. He can borrow money from his bank at an interest rate of 5.19%.

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution