History, 11.11.2019 05:31 cgonzalez0243
Tim needs a new car while he attends college in the united states for the next three years. the car he would like has a msrp
of $15,000. a local dealer can get him a 3-year loan with a 7% interest rate if tim can give them a $1,500 down payment
the same dealer offers the same car to lease with a money factor of 0.00271 and a residual value of 75%. the lease requires
an additional fee of $1,250 to cover tim's security deposit and the acquisition and documentation fees for the car.
tim is looking to drive the car home with the smallest initial out-of-pocket cost. which of the following statements is true?
a. the initial out-of-pocket cost is less for the lease.
b. the initial out-of-pocket cost is less for the loan.
c. the initial out-of-pocket cost is the same for the lease and loan.
d. the initial out-of-pocket cost for a lease is not comparable to that of a loan.
Answers: 3
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What affected the second industrial revolution have on transportation
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The battle of sabine pass is important because? a) it was a stalemate between union and confederate armies. b) it resulted in the largest confederate casualty in the war. c) it marks the failed attempt of the union army to invade the confederate state of texas. d) it was won by the union soldiers and marked a turning point in the western front of the war.
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How does wards description of the roman government compare to polybius description in sorce 1 and millars description in source 2
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Tim needs a new car while he attends college in the united states for the next three years. the car...
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