Answer:
C) Leasing costs $145 more than buying
Explanation:
Calculation for the cost of leasing the laptop over buying it outright
First step is to get find the Present value (PV) using financial calculator
Rate =1.17% ( ⁴ 14% ÷ 12 months)
NPER=48 months ( 4 years × 12 month)
PMT=$75
FV=$0.00
Hence,PV will be :.
PV=$2,744.59
Now let calculate the cost of leasing
Cost of leasing= $2,744.59 - $2,600
Cost of leasing= $144.59
Cost of leasing=$145 Approximately
Therefore the cost of leasing the laptop over buying it outright will be $145
<span>To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask?
What can go wrong? </span>What are the alternatives? <span>What is the likely return? </span>Is the risk worth the return?
<span>When assessing a situation where there could be risk to generate a return, make sure that all questions regarding the return vs the risk are asked. It is important to weigh out all options and make the best decision regarding the purchase. The four questions above are practical and important when assessing risk. </span>
Answer:
No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients.
Explanation:
Investment adviser are licensed professionals who are saddled with the responsibility of providing financial guidance or expert advice around investments, tax planning etc for customers in a financial institution.
A representative of a Federal Covered adviser is only required to register with the state in which he or she is operating.
However, for the investment adviser, they're expected or required by law to register with the Securities and Exchange Commission (SEC) since they're having no office in the state.
Hence, No, registration does not mean that the Investment Adviser is qualified to provide investment advice to clients according to the Uniform Securities Act.
The Uniform Securities Act ( USA ) is a model statute or legal framework designed to guide each state of the United States of America in drafting and balancing both state and federal regulatory securities law. It is used in the United States of America to prosecute all fraud relating to buying and selling of securities.
The answer is psychological.
In the given scenario, Ed has an almost-new economy car, but he wants a Ford Mustang because he thinks it would be exciting to own one.
Since Ed already has a car that works, he does not have a functional need for a car.
Therefore, a choice to purchase a sports car would represent a psychological need.
This shows perhaps the car makes him feel cool or adventurous.
So, this demonstrates that he will be fulfilling his mind. Consequently, fulfilling his psychological need.
Hence, If he decides to purchase a sports car such as the Mustang, he will be primarily fulfilling a psychological need.
Learn more about Psychology:
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Answer:
Needs : Frappuccino before work each day and winter coat
Wants: monthly loan payment and paying extra on the principal loan amount
Saving: rent on your apartment