Based upon acquiring equity or wealth, purchasing a car is to purchasing a home as leasing a car is to a. improving a house. b. repairing a house. c. buying a condominium. d. joining a cooperative. e. renting an apartment.

Option ( E ) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option (E) because of the following reasons :

Purchasing a car means to buy a car so that the owner of the car is the purchaser. Leasing a car means to give a car to another person on lease for a fixed time duration in return of which he will pay you but the owner of the car is still purchaser.

Similarly purchasing a house is to own the house by making full payment of it but renting an apartment means to take home on rent by giving rent every month or at a fixed period but the owner of the house still remains the purchaser.

While the options are wrong because of the following reasons:

answer; 33,000;