Suppose that you are buying a car for 60 000 You saved 20

Last updated: 10/17/2023

Suppose that you are buying a car for 60 000 You saved 20 000 for a down payment The dealer is offering you two incentives Incentive A is a 5000 off the price of the car followed by a five year loan at 7 39 compounded monthly Incentive B does not have a cash rebate but provides free financing no interest over five years What is the difference between the monthly payments for the two offers Which incentive is the better deal P Payment nxt approximately 33 Incentive B is the better deal approximately 15 Incentive A is the better deal approximately 85 Incentive B is the better deal approximately 67 Incentive A is the better deal