| Question | Assume that two years ago, you purchased a new Jeep Wrangler SE 4WD with a soft top for $16,500 using five-year interest-free financing. Today, the remaining loan balance is $9,900 and your Jeep has a trade-in value of $9,500. What is your of continuing to drive the Jeep? Discuss the financing risk exposure of the lender. |
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| Subject | business economics |
