What should be the cash price today for the car

Assignment Help Financial Accounting

Reference no: EM13174178

you are thinking about buying a new car. the salesman tells you that you can pay $3000 today and $5000 in two years and drive away with the car today. If you know that the company charges 26% interest on outstanding balances what should be the cash price, today, for the car?

If he offers a special to pay 6500 in cash right now for the car is this a good deal?

Reference no: EM13174178

Questions Cloud

Unbiased estimation procedures to end point estimates : The population proportion of economists predicting growth of at least 2.5% in real gross domestic product. The variance of the sample proportion of economists predicting growth of at least 2.5% in real gross domestic product.

What is the wavelength of an electron traveling : What is the wavelength of an electron traveling with a velocity of 7.0 times 10 to the 3rd power?

How many moles of f are present in sample of mf2 : a sample of 0.600 moles of metal M reacts completely with excess of flourine to form 46.8g of MF2. How many moles of F are present in sample of MF2 that forms?

State and write a balanced chemical equation : Which is the limiting reagent when 9 Ca atoms and 8 H3PO4 molecules react and produce 3 molecules of Ca3(PO4)2 and 9 molecules of H2?

What should be the cash price today for the car : If you know that the company charges 26% interest on outstanding balances what should be the cash price, today, for the car?

What is the mass of nabr in the mixture : A mixture of NaCl and NaBr has a mass of 2.05 and is found to contain 0.72g of Na. What is the mass of NaBr in the mixture?

Did the monopoly increase barriers to entry? : Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?

Calculate sem pty ltds taxable income for 2011/12 : Indicate with explanations, sections of the Acts and relevant case law how the Revenue and Expense items (together with the Notes) in the company's accounts are treated for tax purposes.

What is the mass percent of sucrose : What is the mass percent of sucrose (C12H22O11, Mm=342 g/mol) in a 0.350-m sucrose solution?

User Account

All Pages