Mathematics, 29.10.2020 01:20, 2xLaFlare
Tim needs a new car while he attends college in the United States for the next three years. The car he would like
has an MSRP of $15,000. A local dealer can get him a three-year loan with a 7% interest rate if Tim can make a
$1,500 down payment.
The same dealer offers the same car for lease with a money factor of 0.00271 and a residual value of 75%. The
lease requires an additional fee of $1,250 to cover Tim's security deposit and the acquisition and documentation
fees for the car.
Tim is looking to drive the car home with the smallest monthly payment. Which of the following statements is true?
a.
The monthly payment for the loan is lower.
b. The monthly payment for the lease is lower.
C. The monthly payments for the lease and loan are the same.
d. You cannot compare the monthly payments for leases and loans.
Answers: 1
Mathematics, 21.06.2019 15:20, lizzyboo32
Acourgette seed and a pumpkin seed is planted p(courgette seed germinates) 4/5 and p(pumpkin seed germinates) = 1/6 what is the probability that both seds germinate
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Mathematics, 21.06.2019 23:00, camiserjai1832
Agroup of three friends order a combo meal which includes two slices of pizza and a drink each drink is priced at $2.50 the combined total of $31.50 how much is the cost of a slice of pizza
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Mathematics, 22.06.2019 00:00, jonmorton159
Need plz been trying to do it for a long time and still haven’t succeeded
Answers: 1
Tim needs a new car while he attends college in the United States for the next three years. The car...
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