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Q2 Sales Price Down Payment Cash Rebate Bank Loan - Years Bank Loan -...

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Accounting

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Q2 Sales Price Down Payment Cash Rebate Bank Loan - Years Bank Loan - Rate Dealer Option - Years - Dealer Option - Rate $36,585 $5,000 $10,000 6 3.24% 0.0096 . Q3 Q3-A: NEW - Cash Rebate Q3-B: NEW - Interest Rate $2.000 8.69% B) Now suppose he is able to arrange financing for 8.69% instead of 3.24%. The cash rebate remains at $10,000. Does this change the decision? (1) you will need to pull the data from the "Info Sheet" and (2) solve for the missing information Bank Option Dealer Option Difference in Bank & Dealer Option Total Cost Bank or Dealer Selection Explanation Sales Price Down Payment Cash Rebate NPER RATE PV PMT Total Payment n Total Cost FV 0 0 n

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