Question

Ford Motor Company’s current incentives include 4.9 percent APR financing for 60 months or $1,000 cash back on a Mustang. Let’s assume Suzie Student wants to buy the premium Mustang convertible, which costs $25,000, and she has no down payment other than the cash back from Ford. If she chooses the $1,000 cash back, Suzie can borrow from the VTech Credit Union at 6.9 percent APR for 60 months (Suzie’s credit isn’t as good as that of Prof. Finance). What will Suzie Student's monthly payment be under each option? Which option should she choose?

Answer 1

Step-by-step explanation:

Stars are not scattered randomly through space, they are gathered together into vast groups known as galaxies. The Sun belongs to a galaxy called the Milky Way. Astronomers estimate there are about 100 thousand million stars in the Milky Way alone. Outside that, there are millions upon millions of other galaxies also!