Answer:A Faithful representation
Explanation:
This means the information is a true representation of the data.
Relevance means some part of the information is related to the data meaning it is not a total reflection, being consistent is referring to the previous information on the data meaning its not totally realiable in relation to the present data and the previous information it is constitent with may be wrong. Predictive value is based on probabity, which does not give an absolute guarantee.
Answer:
C) $1,455.08
Explanation:
Formula = M = [P (1 + r)^n * r] / [(1 + r)^n - 1]
Putting the figures in the formula =
$70 = P [(1 + 0.142/12)^24 * 0.142/12 ] / [(1 + 0.142/12)^24 - 1]
=> $70 = P (1.326209535) * 0.142/12 / 0.326209535
=> $70 = P * 0.0156934795 / 0.326209535
=> P = $1455.08
So, the maximum initial purchase that Carla can buy on credit = $1455.08
The lease-purchase contract should include all of the following EXCEPT <u>all </u><u>financing terms</u><u> for the </u><u>purchase</u><u>.</u>
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<h3>What is Lease Purchase Contract?</h3>
A Lease-Purchase Contract, also known as a Lease Purchase Agreement. A lease purchase agreement in real estate is a rent-to-own contract between a tenant and a landlord for the former to purchase the property at a later point in time. The renter pays the seller an option fee at an agreed-upon purchase price, giving them exclusive rights to buy the property.
Both parties agree to what the purchase price of the home will be at the end of the lease term. The agreement will likely include a stipulation that a portion of the monthly rent goes toward a down payment. The renter should be confident that they can secure a mortgage at the end of the lease, or else they forfeit the purchase option.
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