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1.Public Financial Management is critical in achieving aggregate fiscal discipline,strategic allocation of resources and efficient service delivery in any economy. In reference to the Public Expenditure and Financial Accountability (PEFA) framework. Discuss the above statement.
2.You are negotiating a deal for the purchase of a new vehicle! The sticker price of the vehicle is $21,595. You mention you have a $400/mo budget. The dealer tells you he can give you a 60 month loan at an interest rate of 5.25% APR, with payments of ONLY $395.80!!! Round all answers to the nearest cent. a. What price is he offering for the vehicle? (equivalent cash payment): $ You respectfully decline this offer and offer to pay $20,000 for the vehicle (at 5.25%). b. What would that make the payments be? S The dealer has one final offer for you: $20,300 for the vehicle, only 2.5% APR. Is this a better than $20,000 at 5.25%APR? Option 1: $20,300 @ 2.5% APR Option 2: $20,000 @ 5.25% APR PMT. $ PMT. $ Total Paid: $ Total Paid: $ c. Which option is better?
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