Should Sally buy the car for cash or take Ford

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Problem 1: Sally wants to buy a Ford Mustang. The MSRP is ?$29,836. Ford offers a purchase financing plan with no money down and 60 end-of-month payments of $580. Should she buy the car for cash or take Ford's purchase financing? Assume that she has the cash and that she could invest her money and earn at least 4?%.   

Reference no: EM132716029

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