The salesperson offers buy this new car for 25000 cash or
The salesperson offers, "Buy this new car for $25,000 cash or, with appropriate down payment, pay $500 per month for 48 months at 8% interest." Assuming that the salesperson does not offer a free lunch, calculate the "appropriate" down payment
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the salesperson offers buy this new car for 25000 cash or with appropriate down payment pay 500 per month for 48 months
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