What is the net cost today of the cheapest option?(Enter just the number without the $ sign )(i) Purchase all appliances at the store using a bank loan.There is no down payment as the bank can take your appliances if you default on the loan.The loan
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What is the net cost today of the cheapest option?(Enter just the number without the $ sign )(i) Purchase all appliances at the store using a bank loan.There is no down payment as the bank can take your appliances if you default on the loan.The loan
What is the net cost today of the cheapest option?(Enter just the number without the $ sign )
(i) Purchase all appliances at the store using a bank loan.There is no down payment as the bank can take your appliances if you default on the loan.The loan is at the annual market rate of 5%,and the loan amount is $6,000 to be repaid monthly over 4 years.(ii) Rent-to-buy from the same store.The monthly rental is $125 for 48 months and then you pay $1,000 to own all the appliances.
What is the net cost today of the cheapest option?(Enter just the number without the $ sign )(i) Purchase all appliances at the store using a bank loan.There is no down payment as the bank can take your appliances if you default on the loan.The loan
NPVa=6000
NPVb=125*PVIFA+1000*(P/F,5%,4)=6250
因此最低净成本现值就是6000