What is the equivalent cash price of the corolla if your, Finance Basics

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What is the equivalent cash price of the corolla if your

Al's Auto has a 2.9% APR 48 monthly payment financing option on new $20,000 Corolla sedans.

a) What is the monthly payment?

b) What is the equivalent cash price of the Corolla if your only other option is 7.5% APR monthly using Bank financing, and Al's will not discount the $20,000 price?

c) How much are you saving today by taking the 2.9% financing offer?

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Finance Basics: What is the equivalent cash price of the corolla if your

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Finance Basics: What is the equivalent cash price of the corolla if your

Reference No:- TGS0595064

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