Recreational Vehicle Sale

Finance Question - Don't know where to start.?

Your neighbor is buying a new recreational vehicle (RV). If he buys the RV for cash, the price is $45,000. Alternatively, he could buy the RV for monthly payments of $750 at the end of each month for 72 months. At what discount rate, will the two options be equally attractive (using monthly compounding)?

If he pays $750/mo for 72 mos then that is $54,000 with $9,000 of that being interest only. I think you would have to work backwards to figure out the interest rate he's being charged. Then you could play with some discount figures to see how much of a discount should be given off the purchase price so that he pays a total of $45,000 including interest at the end of 72 mos. I'm sure there's got to be an algebraic formula out there that would work.

Rv Financing Rates

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S. state parks, Family Motor Coach Association, Ladder Golf, Good Sam Club, Campervan, Camping, Trailer park, Mobile home, Freightliner Trucks, Elkhart, Indiana Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 84 Publication Date: 2009/10/13 Language: English Dimensions: 5.98 x 9.01 x 0.20 inches Recreational Vehicle on Country Road $24.99 Recreational Vehicle on Country Road - Photographic Print Culligan RV500 Recreational Vehicle Replacement Filter $35.59 The Culligan RV500 recreational vehicle water filter is a compact system designed to fit in your recreational vehicle or boat. The Culligan RV500 RV filter is a disposable water filter. The Culligan RV500 replacement filter removes contaminants from your drinking and cooking water. The Culligan RV500 Water Filter produces healthier bettertasting drinking and cooking water on the road in your RV. 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The rate of change is usually with respect to time. In mathematics, differential calculus is a subfield of calculus concerned with the study of how functions change when their inputs change. The primary object of study in differential calculus is the derivative. A closely related notion is the differential. The derivative of a function at a chosen input value describes the behavior of the function near that input value. For a realvalued function of a single real variable, the derivative at a point equals the slope of the tangent line to the graph of the function at that point. In general, the derivative of a function at a point determines the best linear approximation to the function at that point. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. 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The bill is issued quarterly. Author: Surhone, Lambert M./ Tennoe, Mariam T./ Henssonow, Susan F. Binding Type: Paperback Number of Pages: 124 Publication Date: 2011/03/01 Language: English Dimensions: 5.98 x 9.02 x 0.29 inches Recreational Diving $70.1 High Quality Content by WIKIPEDIA articles High Quality Content by WIKIPEDIA articles Recreational diving or sport diving is a type of diving that uses SCUBA equipment for the purpose of leisure and enjoyment. In some diving circles, the term recreational diving is used in contradistinction to technical diving, a more demanding aspect of the sport which requires greater levels of training, experience and equipment. Recreational scuba diving grew out of related activities such as snorkelling and underwater hunting. For a long time, recreational underwater excursions were limited by the amount of breath that could be held. 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