Mathematics
Mathematics, 01.07.2021 08:00, 10033636

A driver must decide whether to buy a new car for $24,000 or lease the same car over a four-year period. Under the terms of the lease, she can make a down payment of $3000 and have monthly payments of $150. At the end of the four years, the leased car has a residual value (the amount she pays if she chooses to buy the car at
the end of the lease period) of $11,000. Assume she can sell the new car at the end of the four years at the same residual value. Is it less expensive to buy or
to lease?

answer
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 12:30, lyssa128
1. a driveway has a 15° grade. if the driveway is 40 meters long, how much does the driveway rise? (nearest tenth of a meter) 2. a person located 4 miles from a rocket launch site sees a rocket at an angle of elevation of 32°. at that moment, how high is the rocket above the ground? (nearest tenth of a mile) 3.an airplane approaches an airport landing strip with an angle of depression of 12°. if the airplane is flying at an altitude of 20,000 feet, find the distance on the ground that the plane will need to land. (nearest 1,000 feet) 4.two buildings are located on opposite sides of the street, 40 meters apart. the angle of elevation from the top of the shorter building to the top of the taller building is 53°. if the taller building is 300 meters tall, what is the height of the shorter building? (nearest meter) 5.george is 187 cm tall. his son, ralph, is 142 cm tall. who casts the longer shadow. george when the sun is 65° above the horizon, or ralph when the sun is 56° above the horizon? how much longer? (nearest centimeter)
Answers: 1
image
Mathematics, 21.06.2019 22:00, vipergod07
Four quarts of a latex enamel paint will cover about 200 square feet of wall surface. how many quarts are needed to cover 98 square feet of kitchen wall and 52 square feet of bathroom wall
Answers: 1
image
Mathematics, 21.06.2019 23:00, rickespey9037
Rob filled 5 fewer plastic boxes with football cards than basketball cards. he filled 11 boxes with basketball cards.
Answers: 1
image
Mathematics, 21.06.2019 23:30, SmolBeanPotato
If the perimeter of the garden is 37 ft. the width is x and the length is 15 ft. what is the width of the garden in feet?
Answers: 2
Do you know the correct answer?
A driver must decide whether to buy a new car for $24,000 or lease the same car over a four-year per...

Questions in other subjects: