Mathematics, 31.03.2021 17:00 manny2275
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.
The monthly payments for the lease and loan are the same.
d. You cannot compare the monthly payments for leases and loans,
c.
Please select the best answer from the choices provided.
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Answers: 3
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On the way home from visiting his family, vincent’s plane cruised at an altitude of 3.2 × 10^4 feet. he had heard that a man named felix baumgartner skydived from an altitude of 1.28 × 10^5 feet. vincent wants to know how much higher felix went on his skydiving trip. question 1 you have already seen how adding numbers works in either scientific notation or standard notation. but can you subtract numbers in scientific notation and get the same results as subtracting in standard notation? to find out, first solve vincent’s problem in standard notation. part a write the cruising altitude of vincent’s plane in standard notation.
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Tim needs a new car while he attends college in the United States for the next three years. The car...
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