Mona is comparing financing rates from a car dealer and her local bank. The dealer is offering zero down and zero percent financing for 36 months, whereas her bank is offering her a 3.5% annual rate on a five year loan and requires a 10 percent down payment. If Mona accepts dealer financing,
A) her payments may be higher than bank financing.
B) her payments will always be less than bank financing.
C) the dealer will make a lower profit.
D) the dealer will require a higher down payment.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mona is comparing financing rates from a car dealer and her local bank. The dealer is offering zero down and zero percent financing for 36 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
According to the video what are the purpose of the Dodd Frank Act Check all that apply? 1) To protect banks from abusive financial practices 2) To improve accountability for banks 3) To end bailouts 4) To protect consumer from abusive financial
Answers (2)
Much of our communication is nonverbal, which accounts for at least: select one: a. 75 to 80% b. 85 to 95% c. 65 to 70% d. 45 to 55%
Answers (1)
Universal Containers has large number of custom applications that were built using a third-party jа vascript framework and exposed using Visualforce pages.
Answers (1)
What is a staple good?
Answers (1)
If macroeconomics looks at the economy as a whole, it focuses on which of the following?
Answers (1)
New Questions in Business
Which of the following modes of entry is suitable for service firms where the risk of losing control over the management skills or technological know-how is not much of a concern, and where the firms' valuable asset is their brand name? a.
Answers (1)
Burnett Corp. pays a constant $7.10 dividend on its stock. The company will maintain this dividend for the next 10 years and will then cease paying dividends forever.
Answers (1)
Botanical Gardens Nursery has 6,800 shares of stock outstanding at a market price of $21 a share. The earnings per share are $1.54. The firm has total assets of $315,000 and total liabilities of $186,000.
Answers (1)
Half of today's workers between the ages of 20 and 24 have been at their jobs for less than one year. true or false
Answers (1)
Payal just received her bachelor's degree, and Otis just finished vocational school. Both would like to have careers in the Architecture and Construction career cluster.
Answers (1)