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  3. an automobile company recently advertised its car

An automobile company recently advertised its car for a down payment of Rs. 1,50,000. Alternatively,...

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Accounting

An automobile company recently advertised its car for a down payment of

Rs. 1,50,000. Alternatively, the car can be taken home by customers without

making any payment, but they have to pay an equal yearly amount of

Rs. 25,000 for 15 years at an interest rate of 18%, compounded annually.

Suggest the best alternative to the customers.

Answer & Explanation Solved by verified expert
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