subject
Mathematics, 06.03.2021 23:40 alyssamaize

Tim needs a new car while he attends college for the next three years. The car he would like has an MRSP of $15,000. A local dealer can get him a three-year loan with a 7% interest rate if Tim can make a $1,500 down payment. The same dealer offers the same car for 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 monthly payment. Should he buy or lease the car. PLEASE SHOW WORK

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
The graph of f(x), shown below, resembles the graph of g(x) = x2, but it has been changed somewhat. which of the following could be the equation of f(x)?
Answers: 2
question
Mathematics, 21.06.2019 22:00
Find an bif a = {3, 6, 9, 12) and b = {2, 4, 6, 8, 10).
Answers: 1
question
Mathematics, 21.06.2019 22:00
Luke wants to reduce the area of his rectangular garden by 1/4 the expression 14/w can be used to represent this change. what is another way to write this expression?
Answers: 1
question
Mathematics, 21.06.2019 22:30
Tommy buys a sweater that is on sale for 40% off the original price. the expression p -0.4p can be used to find the sale price of the sweater, where p is the original price of the sweater. if the original price of the sweater is 50, what is the sale price?
Answers: 1
You know the right answer?
Tim needs a new car while he attends college for the next three years. The car he would like has an...
Questions
question
History, 13.11.2020 19:50
Questions on the website: 13722361