subject
Mathematics, 16.04.2020 21:35 iRaMpAgez

Kevin is trying to determine whether to lease or purchase a car. The purchase price is $42,000, and he has been approved for a 4-year loan with a 5.75% interest rate. He assumes the car's value will depreciate 8% each year, and he intends to sell the car after 10 years at the depreciated value.

What is his net gain or loss after selling the car?

−$65,359.41
$47,115.09
$18,244.32
−$28,870.77

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 14:50
About 60% of the normal humanbeing's body weight is composed ofwater. how much of a 125 poundperson is water weight? f 72 pounds h 76 poundsg 75 pounds i 80 pounds
Answers: 3
question
Mathematics, 21.06.2019 20:00
Mat bought a phone for $100. he has to pay $30 per mouth. if he has paid $640 in total, how many mouth has he had the phone?
Answers: 2
question
Mathematics, 21.06.2019 23:30
Robin spent 25% more time on his research project than he had planned he’s been an extra h ours on the project which of the following expressions could represent the number of hours rob actually spent on the project
Answers: 3
question
Mathematics, 22.06.2019 03:00
X+y ≥20 x≤2y a) (0,22) b) (7,11) c) ( 15,6) d) (10,10) e) (12,5) f) (8,16)
Answers: 3
You know the right answer?
Kevin is trying to determine whether to lease or purchase a car. The purchase price is $42,000, and...
Questions
question
Mathematics, 23.03.2021 01:00
question
Mathematics, 23.03.2021 01:00
question
Mathematics, 23.03.2021 01:00
Questions on the website: 13722359