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March 28, 2015

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?

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