here click on my files.com/3_& and it should give you the answer
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 :)
Answer:
c(2) = -10
Step-by-step explanation:
The first equation says that the first term of the sequence is -20.
The second equation is saying that to find any term of the sequence, add 10 to the previous term.
c(2) = c(2-1) + 10
c(2) = c(1) + 10
c(2) = -20 + 10 = -10
