If you lease a vehicle for 4 years, the leasing company will tell you how much you will have to pay if you want to buy it at the end of the lease. This cost is much less than the price of the new vehicle. What accounts for the difference between the new vehicle price and the cost to buy it after 4 years?

Suppose you own a bicycle but haven't found the time to ride it much lately. these days, it is only worth $25 to you. one of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. he offers you $70 for the bicycle, and you gladly accept. your friend is also happy because he thinks the bicycle is worth $95 . how much total value was created from this trade? $