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Suppose that you decide to buy a car for $58,000, including taxes and license fees. You saved $13,000 for a down payment. The dealer is offering you a choice between two incentives
Incentive A is $5000 off the price of the car, followed by a five-year loan at 7.82%.
Incentive B does not have a cash rebate, but provides free financing (no interest) over five years.
What is the difference in monthly payments between the two offers? Which incentive is the better deal? Use PMT=
The differ Question Viewer
payments between the two offers is $.
(Round to the nearest cent as needed.)

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