1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Strike441 [17]
3 years ago
10

An animator needs a laptop for audio/video editing, and notices that he can pay $2600 for a Dell XPS laptop, or lease from the m

anufacturer for monthly payments of $75 each for four years. The designer can borrow at an interest rate of 14% APR compounded monthly. What is the cost of leasing the laptop over buying it outright?A) Leasing costs $116 more than buying.
B) Leasing costs $174 more than buying.
C) Leasing costs $145 more than buying.
D) Leasing costs $289 more than buying.

Business
1 answer:
Goshia [24]3 years ago
3 0

Answer:

Cost of leasing over buying is $144.59

Explanation:

For computing the cost of leasing the laptop over buying it outright, we have to calculate the present value is shown below:

Given that,  

Future value = $0

Rate of interest = 14%  ÷ 12 months = 1.17%

NPER = 4 years  × 12 month = 48 months

PMT = $75

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the present value is $2,744.59

And, the buying amount is $2,600

So, the difference is

= $2,744.59 - $2,600

= $144.59

You might be interested in
Your department has been microfilming old records and paying for off-site storage for years. you are the health information mana
frutty [35]
In order to write the proposal, i will first count all the expense that should be paid for using both off-site storage and the computerized system.
After that, i  will compare the cost to the benefit that the department will get if we're changing into the computerized system (such as larger space, faster processing, more secure, etc)
8 0
3 years ago
The ramp at railways station has a rough surface. but Why
Andrei [34K]

Answer:

The ramp on a railway station has a rough surface to increase friction so that we do not slip while walking on it. If the surface is smooth, then the frictional force between the ramp and the feet becomes less and the chances of slipping are greater

8 0
4 years ago
Calculate the net asset value of an ETF with portfolio holdings equal to $100 per share in market value and an expense ratio of
asambeis [7]

Answer:

Net Asset Value of ETF = $99.75

Explanation:

Net asset value of an ETF

  • The net asset value of an ETF represents the value of each share’s portion of the fund’s underlying assets and cash at the end of the trading day.
  • ETFs calculate the NAV at 4:00 p.m. Eastern Time after the markets close.
  • The NAV is used to compare the performance of different funds, as well as for accounting purposes.
  • The ETF also releases its current daily holdings, amount of cash, outstanding shares, and accrued dividends, if applicable.
  • For investors, ETFs have the advantage of being more transparent. Mutual funds and closed-end funds do not have to disclose their daily holdings.
  • In fact, mutual funds usually disclose their holdings only quarterly.

<u>Calculation</u>

Market Value per share = $100

Expense Ratio = 0.25%

Net Asset Value = Market Value per share * (1 - Expense Ratio)

Net Asset Value = $100 * (1 - 0.0025)

Net Asset Value = $100 * 0.9975

Net Asset Value = $99.75

4 0
4 years ago
Which of the following is a Web 2.0 technology?
shtirl [24]

Answer:

flame is now new in tech world..

7 0
3 years ago
Assume that we are looking at the local market for pizza. Assume that the equilibrium price is $20 and the equilibrium quantity
Ksivusya [100]

Answer:

1. Supply would increase causing a surplus situation. Prices would then decline and this causes quantity supplied to decrease and quantity demanded to increase, this continues until there is a new equilibrium at a lower price and higher quantity.

Explanation:

Since in the question, it is given that the two new pizza restaurants are entered in the market that reflects increment in the number of sellers. Due to an increase in sellers, the supply curve shift to rightward. This will result in a decrease in the equilibrium price and an increase in equilibrium quantity

And we know that there is a direct relationship between the price and quantity supplied and there is an inverse relationship between the price and the quantity demanded

4 0
4 years ago
Other questions:
  • Which type of marketing channel arrangement is especially good for a firm to use in global marketing where the creation of marke
    11·1 answer
  • It is estimated that between 1899 and 1924, about 2.1 million italians left the u.s. while almost ____ million arrived.
    6·1 answer
  • What is secondary data, and define who fits in this category?
    6·1 answer
  • Which jobs would be included in the Marketing, Sales, and Service career cluster?
    8·1 answer
  • The largest organizational unit in the federal bureaucracy is a(n) __________. science forums
    12·2 answers
  • Winter Company incurred direct materials costs of $500,000 during the year. Manufacturing overhead applied was $150,000 and is a
    5·1 answer
  • Which type of briefing is delivered to individual resources or crews who are assigned to operational tasks and/or work at or nea
    12·1 answer
  • alcatuiti un eseu in care sa prezentati argumente in functie de care piata asigurarilor ar putea fi considerata o piata cu concu
    14·1 answer
  • The act of starting and creating a business on one's own is called
    12·1 answer
  • Imagine that IBM has decided to diversify into the telecommunications business to provide online cloud-computing data services a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!