What will suzie? student monthly payment be under option

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Reference no: EM131991160

Ford's current incentives for customers looking to buy a Mustang include either financing at an APR of 5.9 percent compounded monthly for 60 months or $ 1 comma 400 cash back.? Let's assume Suzie Student wants to buy the premium Mustang? convertible, which costs $ 33 comma 000?, and she has no down payment other than the cash back from Ford. If she chooses the ?$1 comma 400 cash? back, Suzie can borrow from the VTech Credit Union at an APR of 7.9 percent compounded monthly for 60 months. What will Suzie? Student's monthly payment be under each? option? Which option should she? choose?

Reference no: EM131991160

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