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 :)
<span>The correct answer is 'callable certificate of deposit’. Financial institutions can recall these before they reach maturity. This avoids financial institutions having to pay more if interest rates go down.</span>
Answer:
£ 7.95
Step-by-step explanation:
Let the total money = £ x
Money spend on drinks and cake = 1.45 + 1.20 = £ 2.65
Money left with her = (2/3) of x
So, money spend = (1/3) of x
x = £ 7.95
Lengths are given to 1dp so the biggest that the lengths could be is 4.65cm and 5.35cm. if you use pythagoras on these to find hypotenuse, this is the upper bound.
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