Mathematics, 22.12.2020 01:00 heavenwagner
An off-road sport utility vehicle is advertised with a purchase price of $43,995.00. Shelli is considering the following options in buying the SUV.
Option 1: Purchase the Vehicle with a Loan
Shelli will make a down payment of $8,000 if she chooses this option.
The monthly payments for a loan at 7.95% per year on the balance will be $765.44 per month for 5 years.
Option 2: Lease the Vehicle
No down payment is required, but Shelli will make a down payment of $8,000 if she chooses this option.
The lease rate is 7.75% per year for 4 years.
The monthly lease payment is $626.25 for 4 years.
To buy the SUV at the end of the lease, it's buyout is 38% of the original value.
Calculate the total cost to own the SUV for each option. Which option is the cheapest for Shelli and by how much?
Option 2, by $851.70
Option 1, by $1,002.75
Option 2, by $1,002.75
Option 1, by $851.70
Answers: 2
Mathematics, 21.06.2019 18:00, joseroblesrivera123
Since opening night, attendance at play a has increased steadily, while attendance at play b first rose and then fell. equations modeling the daily attendance y at each play are shown below, where x is the number of days since opening night. on what day(s) was the attendance the same at both plays? what was the attendance? play a: y = 8x + 191 play b: y = -x^2 + 26x + 126
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Mathematics, 21.06.2019 22:30, rubycarbajal
The area of a circle is equal to 1 dm². find the radius of the circle.
Answers: 1
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