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Author Question: Tom needs a car to commute to work and has found a suitable Honda Civic from a dealer for $8000. He ... (Read 59 times)

Deast7027

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on: Nov 11, 2019
Tom needs a car to commute to work and has found a suitable Honda Civic from a dealer for $8000. He has $3000 saved for it and can afford a monthly payment up to $250. Which of the following is the best (lowest total cost) financing option for him?
◦ Make a $2000 deposit and take a three year loan with monthly payments of $185.
◦ Make a $3000 deposit and take a two year loan with monthly payments of $221.
◦ Make a $1000 deposit and take a three year loan with monthly payments of $210.
◦ Make a $2500 deposit and take a two year loan with monthly payments of $241.
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by Deast7027 on Nov 11, 2019

Awesome

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Deast7027

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Reply 2 on: Nov 11, 2019
Excellent

raenoj

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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