Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 09 Oct 2017 My Price 4.00

light-duty pickup truck

A light-duty pickup truck has a manufacturer’s suggested retail price (MSRP) of $14,000 on its window. After haggling with the salesperson for several days, the prospective buyer is offered the following deal: “You pay a $1,238 down payment now and $249 each month thereafter for 39 months and the truck will be yours.” The APR at this dealership is 2.4% compounded monthly. How good a deal is this relative to the MSRP?

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Oct 2017 01:10 PM My Price 4.00

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