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Author Question: Molly needs to decide whether to buy a water heater for $2200 cash and enter a service contract ... (Read 383 times)

mp14

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on: Jun 7, 2019

Question 1

Nick has a choice to pay $1499 for a TV now or pay $1599 3 years from now. What should be the minimum interest rate at which Nick should invest $1499 to make a decision to pay 3 years from now?
◦ 6.67%
◦ 0.725%
◦ 2.176%
◦ 3%
◦ 6.528%

Question 2

Molly needs to decide whether to buy a water heater for $2200 cash and enter a service contract requiring a payment of $30 at the end of every 3 months for 10 years or to enter a 10 years lease requiring a payment of $90 at the beginning of every 3 months. If the leased water heater can be bought after 10 years for $80, should Molly buy or lease the water heater, if money is compounded quarterly at 2.5%?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by mp14 on Jun 7, 2019

JaynaD87

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Reply #1 on: Jun 7, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mp14

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Reply #2 on: Jun 7, 2019
TY


JaynaD87

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Reply #3 on: Jun 7, 2019
You're welcome


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