subject
Business, 19.02.2021 01:00 wanderlay29

After deciding to buy a new car, you can either lease the car or purchase it on a 6 year loan. The car you wish to buy costs $45,000. The dealer has a special leasing arrangement where you can pay $500 today and $600 per month for the next 6 years. At the end of the lease period, you return the car to the dealer. If you purchase the car, you will pay it off in monthly payments over the next 6 years at a 6.8% APR with monthly compounding. This is the appropriate discount rate for the lease payments as well. If you purchase the car, you believe that you could sell the car for $30,000 in 6 years. What is the net cost to lease the car? (Express answer as a positive number and round to the nearest dollar)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
You decide that structural changes must be made at holden evans immediately to deal with the additional product lines. equipment and employees will have to be moved around to optimize production of all of the products in house. this shouldn't be too difficult because many of the vitamins and supplements are produced using similar processes. you have several options available to facilitate this process. which of the following methods do you think is the best choice? select an option from the choices below and click submit. because the changes may result in the loss of several key employees, you hire outside consultants who specialize in hr law. this way any employee terminations will not result in lawsuits. you select an outside consulting firm that your company has never worked with before, but it has a reputation for using new technology in product lines that are similar to yours. you select several trusted managers to facilitate the transition of operations from overseas. these individuals can gather information and also smooth any rough spots that may occur.
Answers: 3
question
Business, 22.06.2019 06:00
Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow
Answers: 3
question
Business, 22.06.2019 16:30
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
question
Business, 22.06.2019 23:40
John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?
Answers: 1
You know the right answer?
After deciding to buy a new car, you can either lease the car or purchase it on a 6 year loan. The c...
Questions
question
English, 24.02.2021 20:00
question
Mathematics, 24.02.2021 20:00
question
Mathematics, 24.02.2021 20:00
question
Mathematics, 24.02.2021 20:00
question
Mathematics, 24.02.2021 20:00
question
Mathematics, 24.02.2021 20:00
question
Chemistry, 24.02.2021 20:00
question
Computers and Technology, 24.02.2021 20:00
Questions on the website: 13722363