Mathematics, 18.07.2019 17:00, tayjohn9774
You have just received an inheritance of $20,000.00. you need to go to school, buy a car for transportation, pay for living expenses per month and rent. option a: - pay the full tuition of $20,000.00 for 4 years - finance a car with ($20,000.00) at a rate of 4.5 % per year - you need to pay a buying commission of 2.5 % which comes out of your inheritance - *rent is $1000.00 per month - *additional expenses $1000.00 per month - *rest of money owed from tuition option b: - pay (remainder of money) of tuition with the rest borrowed at 3 % per year - put down $10,000.00 on a car with the rest financed at 4.5 % per year - you need to pay commission of 2.5 % (which needs to come from your inheritance) - *rent is $1000.00 per month - *additional expenses are $1000.00 per month * = need a loan of 2 % per year which option is better? explain.
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You have just received an inheritance of $20,000.00. you need to go to school, buy a car for transpo...
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