Assume that she has the cash and that she could invest her


Sally wants to buy a Ford Mustang. The MSRP is ?$25,812. Ford offers a purchase financing plan with no money down and 36 end-of-month payments of ?$820. Should she buy the car for cash or take? Ford's purchase? financing? Assume that she has the cash and that she could invest her money and earn at least 5%.

What is the present value of all the? payments?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Assume that she has the cash and that she could invest her
Reference No:- TGS02657571

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)