(Answered) Option A is a scheme where customers can pay for the bike in monthly instalments over three years, at a fixed APR of 18%: Briefly explain what APR is and how it can be used.
Lokesh wants to buy a Vespa motorcycle to be able to get to work easily, as well as indulge in leisurely road trips. His local retailer sells the model he likes for £3000. However he doesn’t have the money to pay upfront so is looking at different financing options. • Option A is a […]