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You are in the process of purchasing a new automobile that will cost you $27,500.The dealership is offering you either a $2500 rebate (applied toward the purchase price) or 1.9% financing for 48 months (with payments made at the end of the month) .You have been pre-approved for an auto loan through your local credit union at an interest rate of 6.5% for 48 months.
-If you forgo the $2500 rebate and finance your new car through the dealership your monthly payments (with payments made at the end of the month) will be closest to:
External Funding Requirement
The need for additional capital from outside sources to finance a company’s operations or growth.
Growth In Assets
An increase in the value or quantity of the assets owned by a company or individual, which can contribute to increased wealth or investment capacity.
Current Liabilities
Short-term financial obligations that are due within one year or within a normal operating cycle.
Top-Down Plan
An approach to business strategy and project planning where decisions are made at the highest level and communicated down the organizational hierarchy.
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