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Author Question: Ford Oshawa sells Ford Fusion special edition for a price of $27 900. During a month long promotion, ... (Read 119 times)

penguins

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on: Jun 6, 2019

Question 1

Sue won a "Millionaire Life" lottery. As a winner of the Grand Prize, she can choose either $1 million per year for 25 years or a single cash payment of $17 million. What option should be chosen if the payments are made at the beginning of each year and on low risk investments, money can earn 3.2% compounded annually?

Question 2

Ford Oshawa sells Ford Fusion special edition for a price of $27 900. During a month long promotion, the manufacturer offers an interest rate of 1.8% compounded monthly on a 3-year lease. If the residual value is $14 500, what will be the lease payment at the start of each month with a $2500 down payment?
◦ $403.82
◦ $724.30
◦ $332.50
◦ $311
◦ $350
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by penguins on Jun 6, 2019

Kaytorgator

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Reply #1 on: Jun 6, 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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penguins

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Reply #2 on: Jun 6, 2019
Excellent


Kaytorgator

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Reply #3 on: Jun 6, 2019
Great! Please up vote :D


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