Ohio University College of Business | Ohio University ...
Christine wants to buy a new Lexus. The car she wants has a Manufacturer’s Suggested Retail Price of $45,000. The dealer has offered to sell Christine the car for $44,000. He has also offered her 5 years of financing with an interest rate of only 5%!! The complete deal is that she puts down $4,000 then she makes annual interest payments of 5%. ................
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