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Cullumber Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $160,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance.
Screenshot (275).pngCullumber Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $160,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance. The note would require quarterly fixed principal payments (plus interest) starting October 1, 2020, for a period of two years. Cullumber has a proposal from its bank for an instalment loan for two years that requires...
Sunland Tooling Ltd. is assessing two available options for the purchase of new equipment with a negotiated cash price of $130,000. The manufacturer is willing to accept a down payment of 20% of the purchase price and an instalment note for the balance. The note would require quarterly fixed principal payments (plus interest) starting October 1, 2020, for a period of two years. Sunland has a proposal from its bank for an instalment loan for two years that requires a...
You need a new car and the dealer has offered you a price of $20,000, with the following payment options: (a) pay cash and receive a $2,000 rebate, or (b) pay a $5,000 down payment and finance the rest with a 0% APR loan over 30 months. But having just quit your job and started an MBA program, you are in debt and you expect to be in debt for at least the next 2 ½ years. You plan to use credit cards to...