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You are in the process of purchasing a new motorbike that will cost you $25 000. The dealership is offering you either a $1 000 rebate (applied toward the purchase price)or 3.9% financing for 60 months (with payments made at the end of the month). You have been pre-approved for a bike loan through your local credit union at an interest rate of 7.5% for 60 months. Should you take the $1 000 rebate and finance through your credit union or forgo the rebate and finance through the dealership at the lower 3.9% APR? Show your calculations.
Primates
An order of mammals that includes humans, apes, monkeys, and prosimians, characterized by their large brains, forward-facing eyes, and complex social structures.
Animal Communication
The transfer of information between animals through signals that can involve visual, auditory, chemical, or tactile means.
Cognitive Health
Pertains to the ability to think clearly, learn, and remember, being an essential component of brain health.
Physical Exercise
Any bodily activity that enhances or maintains physical fitness and overall health and wellness.
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