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Next question Suppose that you decide to buy a car for 57 000 including taxes...

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Basic Math

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Next question Suppose that you decide to buy a car for 57 000 including taxes and license fees You saved 10 000 for a down payment The dealer is offering you a choice between two incentives Incentive A is 6000 off the price of the car followed by a four year loan at 7 08 Incentive B does not have a cash rebate but provides free financing no interest over four years What is the difference in monthly payments between the two offers Which incentive is the better deal Use PMT PA 9 The difference in monthly payments between the two offers is Round to the nearest cent as needed Save

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