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The second option is to pay cash for the car and get a 2500

A car dealer gives you 2 options to buy a $30,000 new car. Option 1 is no money down, but pay back in equal monthly installments for 4 years at 0% interest. The second option is to pay cash for the car and get a $2500 rebate. What is the IRR of the payment option?

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Financial Management: The second option is to pay cash for the car and get a 2500

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Financial Management: The second option is to pay cash for the car and get a 2500

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