Page 1 of 1
You are selling your car and the dealership says to you, "we can either give you $15,000 today or we can give you $5,000
Posted: Sun Jul 03, 2022 12:56 pm
by answerhappygod
- You Are Selling Your Car And The Dealership Says To You We Can Either Give You 15 000 Today Or We Can Give You 5 000 1 (39.73 KiB) Viewed 12 times
You are selling your car and the dealership says to you, "we can either give you $15,000 today or we can give you $5,000 per year starting one year from now for the next 4 years." At what interest rate are you indifferent? (E.g. what interest rate is being provided here?). Choose the closest. 6.7% 33.3% 18.8% 12.6%