Truck for your construction company with a sticker price

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Reference no: EM131068427

You want to purchase another truck for your construction company with a sticker price of $25,000. The car dealer offers you a $2,000 discount (lowering the price to $23,000) and a 48-month, 8.5% APR compounded monthly. Or, no discount with a 4.0% APR on a 48-month loan (also compounded monthly). Which offer is better?

If inflation is 4%, which offer is better

Reference no: EM131068427

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Truck for your construction company with a sticker price : You want to purchase another truck for your construction company with a sticker price of $25,000. The car dealer offers you a $2,000 discount (lowering the price to $23,000) and a 48-month, 8.5% APR compounded monthly. Or, no discount with a 4.0% ..

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