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Feathers motors advertised three alternatives for

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Feathers Motors advertised three alternatives for purchasing a new Camry: (1) buy the car for zero dollars done and a monthly installment payment of $1261 per month for 25 months;(2) lease the car for $2500 down and $1120 per month for 25 months;or (3) pay cash of $27500 to purchase the car outright. Use the present value Table B.3 determine which is the best payment alternative. Assume that you have enough cash to accept any alternative, and the annual interest rate is 12% ( remember ro convert to a monthly rate)B.3 determine :22.0232

Reference no: EM13572479

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