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Interest Rate Method Problems
Question 1. You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2,500 rebate (applied toward the purchase price) or financing at a 1.9% APR for 48 months (with payments made at the end of the month). You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% APR for 48 months. If you take the $2,500 rebate and finance your new car through your credit union calculate your monthly payments.
Question 2. Calculate the monthly payments if you forgo the $2,500 rebate and finance your new car through the dealership.
Describe Decision making as to keep the stock or sell the given stock and The news of the competitor's discovery has not been made public
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