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Rama09 [41]
3 years ago
8

After deciding to acquire a new car, you can either lease the car or purchase it with a three-year loan. The car you want costs

$31,000. The dealer has a leasing arrangement where you pay $91 today and $491 per month for the next three years. If you purchase the car, you will pay it off in monthly payments over the next three years at an APR of 6 percent. You believe that you will be able to sell the car for $19,000 in three years. a. What is the present value of leasing the car? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value of purchasing the car? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What break-even resale price in three years would make you indifferent between buying and leasing? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Mathematics
1 answer:
Anastaziya [24]3 years ago
4 0

Answer: a) 17767 b) 32860 c) 13860

Step-by-step explanation:

a) 91+491(12)(3)=17767

b) 31000(1.06)=32860

c) 32860-19000=13860

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Estimate 5/8 − 1/10. <br> A. 0 <br> B. 1/2 <br> C. 1 <br> D. 1 1/2
PilotLPTM [1.2K]

Answer:

B

Step-by-step explanation:

Closest answer

6 0
3 years ago
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In a bag of 412 peanut candies 20% are brown. 20% are yellow 20% are blue 20% are red 10% are orange 10% are green.What is the r
algol13

Answer:

Required ratio = \frac{1}{4}

Step-by-step explanation:

In a bag of 412 peanut candies 20% are brown. 20% are yellow 20% are blue 20% are red 10% are orange 10% are green.

Brown peanuts = 20% of total

                          = 0.2 \times 412

                          = 82 peanuts

Yellow peanuts = 82 peanuts

Blue peanuts = 82 peanuts

Red peanuts = 82 peanuts

Orange peanuts = 41

Green peanuts = 41

We have to find the ratio of orange peanuts to yellow and blue.

Total number of yellow and blue peanuts = 164 peanuts

Total number of orange peanuts = 41 peanuts

Required ratio =\frac{41}{164}

Required ratio = \frac{1}{4}

       

4 0
3 years ago
What is the area of a square with a radius of 8sqrt2
Aleks [24]

Answer:

Since your square rooting 8 twice right it would be 64

Step-by-step explanation:

8 0
4 years ago
An equation is shown below:
zloy xaker [14]
I believe that the answer is x=2.
7 0
3 years ago
Answer for 24 points
Rainbow [258]

Answer:

Divide by 4, because 4 is a factor of 88.

Step-by-step explanation:

This is incorrect reasoning because what the constant is on the right side of the equation has nothing to do with the number you are dividing by. In other words, you are dividing by 4 because that isolates the x-variable, and if it was 5x you would divide by 5. The number that you are dividing by only is determined by what number isolates x.

4 0
3 years ago
Read 2 more answers
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