Study Problem Sparky - Sparky says He offers a further sweetener At the end of 5.5 years Sun Devil Auto will forgive the remainder of your loan

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Exam Study Problem sees your UA emblem and offers you the deal of the decade. There is zero down and the payments are only $476.80 for 72 months at an interest rate of 4.12% APR compounded monthly. Sun Devil Auto Finance has a car you really like for $24,000. Sparky Salesman Ever wary, you ask about the terms.
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Unformatted text preview: Sparky says: He offers a further sweetener: At the end of 5.5 years Sun Devil Auto will forgive the remainder of your loan balance which Sparky calculates will be $5,159.71 A. Is Sparky's deal proof that some Sun Devils are fair business people?...
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This note was uploaded on 02/16/2012 for the course ENGR 265 taught by Professor Arnold during the Spring '09 term at University of Arizona- Tucson.

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