Thursday
April 17, 2014

Homework Help: Finance

Posted by sabrina on Wednesday, September 28, 2011 at 1:47pm.

Is it more economical to buy an automobile for $29,000 cash or to pay $4,500 down and $3,000 at the end of each quarter for 2 years, if the money is worth 8% compounded quarterly? what is the cash equivalent savings by picking the better plan?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Is it more economical to buy an automobile for $29,000 cash or to pay...
business math - Is it more economical to buy an automobile for $29,000 cash or ...
Language Arts - Of three automobiles left on the lot, one was inexpensive, one ...
history - The automobile facilitated the idea of worshipping at the altar of ...
Finance - How do interest rates affect the decision to buy or not buy?
real estate finance - Evan is borrowing $130,000 to buy a home priced at $144,...
physics - An automobile moving at a constant velocity of 15 m/s passes a ...
Finance - Sam wants to buy a car for $35000. How much does she need to put into ...
calculus - An automobile with seven years of use has a commercial value of $...
calculus - X. An automobile with seven years of use has a commercial value of $...

Search
Members