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Mathematics, 20.09.2020 20:01 Amazingdolannn

Derek wants a new car. He is looking for a blue or green vehicle with working A/C. He is okay if it is used, but would prefer a new car. He makes $45,000 a year and drives about 15 miles a day to work. He needs the car to be reliable as he doesn't have many sick or vacation days. He found his preferred vehicle at a dealership that will allow him to buy or rent the car. The price to rent is $206 per month for the first 2 years, at which point he can come in and look for a new vehicle or keep renting. He could also buy the vehicle for $15,400 and have it paid off in 6 years. What is the amount of the cheaper cost, per month, if he only looks at the first 2 years of renting vs buying? Do not include $ in answer and round to the nearest hundredth. Example, if answer is $19.546, put 19.55.

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