Answer:
$33467.03
Explanation:
Given: we are given that $33000 is the cost of the car that’s on sale if the person wants a cash option.
Leasing option of $495 per month for the next two years with an immediate payment of $95 as a balloon payment for the vehicle.
The person will sell the vehicle for $21000 after 2 years from now.
We need to calculate the breakeven price to sell the vehicle after two years if the person sold the car on either option.
Therefore we will use the future value annuity formula to calculate how much would yield on the lease payments of $495 after two years first.
![Fv = P [((1+r) ^n)-1)/r]](https://tex.z-dn.net/?f=Fv%20%3D%20P%20%5B%28%281%2Br%29%20%5En%29-1%29%2Fr%5D)
Where Fv is the future value that will yield from the payments.
P is the periodic payment which is $495 per month.
r is the interest per period so in this case it is 5%/12 as the 5% is on an annual basis and the individual will make monthly payments.
n is the number of payments made and in this case it is 24 payments because $495 is paid monthly for 2 years.
Now we insert the values on the formula above
Fv = $495 [((1+ (5%/12) ^24)-1)/ (5%/12)] then compute on a calculator and get the answer
Fv = $12467.03 + $95 we add $95 to the solution because the customer must pay it as a deposit if they choose the lease option.
The value the customer must sell the car for to break even for both options in two years’ time is the sum of $21000 which the customer sells the car for in two years’ time plus the above future value for the lease repayments, so $21000+ $12467.03 =$33467.03 .
If income is accrued <u>or arises outside India and is not received in India</u>, it is not taxable in the case of Non-Resident.
<h3>Who is a resident and non resident?</h3>
A resident is a person who has resided in India in that year for 182 days or more. He is a natural person or an individual who is domiciled in a particular state.
A Non- Resident is a person who is not the resident of India for tax purposes. Section 2(30) defines non-resident as a person who is not a resident.
Basically, Income which accrue or arise outside india and also received outside india is taxable in case of Non-Resident.
Learn more about resident and non- resident here:-
brainly.com/question/14317583
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The reason that the elasticity of demand is 0.62 for business and 0.12 for economy is because the economy class is more elastic than that of the business.
When the flight ticket of those flying business class is raised, they would not be affected much because they are rich and can afford it. They do not care much about the raise in price.
For the average flyer using the economy flight, raising the price of the ticket would affect him and he may end up reducing his demand for it.
Read more on brainly.com/question/10423637?referrer=searchResults
The answer is C. Renters' insurance is an excellent idea for tenants.
But the decision to purchase is up to the renters. There are many
options for coverage levels and companies available. The landlord should
have property insurance, but the renter should also have their own
insurance to cover their belongings.
Answer:
is there an image that shows the amount of $
Explanation:
can't solve without knowing the amount sorry
