You are thinking about buying a new car the salesman tells

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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: EM13377261

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