Can a Purchaser Save Money by Financing?.

Cohen, Donald

Notes FAQ Contact Us

Back to results

Peer reviewed

ERIC Number: EJ460289

Record Type: Journal

Publication Date: 1993

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0025-5769

EISSN: N/A

Can a Purchaser Save Money by Financing?

Cohen, Donald

Mathematics Teacher, v86 n1 p62-63 Jan 1993

Discusses the mathematics involved in comparing the purchase of an automobile with cash versus with a loan. Investigates two scenarios: (1) if a loan is taken out and the cash price is invested at a fixed rate, and (2) if cash is paid and monthly payments are invested over the period of the loan. (MDH)

Descriptors: High Schools, Interest (Finance), Investment, Loan Repayment, Mathematical Applications, Mathematical Formulas, Mathematics Education, Mathematics Instruction, Problem Solving, Secondary Education

Publication Type: Journal Articles; Guides - Classroom - Teacher

Education Level: N/A

Audience: Teachers; Practitioners

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A