Hi,
Here is the solution.
3 years = 36 months
Leased amount for 3 years = $3000 + 36*350
= $3000 + $12600
Leased amount for 3 years = $15600
Residual value = $12000
Assume you didn't buy the car, you took it for lease, so your expense = $15600.
Now Assume you bought the car for $21,000.
After using 3 years, you can sell it for $12000.
Your expense = $21,000 - $12,000 = $9000.
Conclusion:
It is less expensive to buy the car.
The cost for buying the car and selling it after 3 years = $9000.
Hope you will understand the steps. Thank you :)
9/5
the distance is 9 over, and 5 up.
for the first one it is the second option because of one property of logarithms:
log(a)-log(b)=log
for the second one using the same property we can say that we third option is correct and not the second one but we use one more property of the logarithm
loga(b)^x=xloga(b) the power of the logarithm becomes a fator and
is equal to 