Business, 07.10.2019 16:20 morganhines181

(nonannual compounding using a calculator) ford's current incentives for customers looking to buy a mustang include either financing at an apr of 4.9 percent compounded monthly for 60 months or $ 1 comma 000 cash back. let's assume suzie student wants to buy the premium mustang convertible, which costs $ 25 comma 000, and she has no down payment other than the cash back from ford. if she chooses the $1 comma 000 cash back, suzie can borrow from the vtech credit union at an apr of 6.9 percent compounded monthly for 60 months. what will suzie student's monthly payment be under each option? which option should she choose?

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