Business, 10.03.2020 07:54 hannahbannana98

You have been given a choice of paying $20,000 for a new GM car with a $3,000 cash rebate (net cost of $17,000 which you finance separately), or zero percent financing for 48 months with no cash rebate. What is the implicit rate of interest in this deal

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You have been given a choice of paying $20,000 for a new GM car with a $3,000 cash rebate (net cost...

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