Tim needs a new car while he attends college in the United States for the next three years. The car he would like has an MSRP 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. Which of the following statements is true?
a.
The monthly payment for the loan is lower.
b.
The monthly payment for the lease is lower.
c.
The monthly payments for the lease and loan are the same.
d.
You cannot compare the monthly payments for leases and loans.

$450.00 for 6 weeks

or

$300

step-by-step explanation:

$200.00 for first week $50.00 x5 equals $250 plus $200 equals $450.00 for six weeks.

$200 for first week

$200 x 0.10 = $20

$20 x 5 = $100

$200 + $100 = $300

146%

step-by-step explanation:

5x + 3y = - 4

step-by-step explanation:

the equation of a line in standard form is

ax + by = c ( a is a positive integer and b, c are integers )

express the line first of all in slope- intercept form

y = mx + c ( m is the slope and c the y-intercept )

to calculate m use the gradient formula

m = ( y₂ - y₁ ) / ( x₂ - x₁ )

with (x₁, y₁ ) = (7, - 3) and (x₂, y₂ ) = (4, - 8)

m = = -

y = - x + c ← is the partial equation

to find c substitute either of the 2 points into the partial equation

using (4, - 8 ), then

- 8 = - + c ⇒ c = -

y = - x - ← in slope-intercept form

multiply all terms by 3 to eliminate the fractions

3y = - 5x - 4 ( add 5x to both sides )

5x + 3y = - 4 ← in standard form

step-by-step explanation: