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Author Question: A house is on sale in Markham. Marlene has an option to pay $575 000 lump sum or pay $6000 at the ... (Read 687 times)

mmm

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on: Jun 7, 2019

Question 1

Kevin needs to decide whether to buy a Honda Civic for $19 900 with a salvage price of $6500 after 5 years or lease the car for 5 years making monthly payments of $269 at the beginning of each month. If money is worth 5% compounded annually, should Kevin buy or lease?

Question 2

A house is on sale in Markham. Marlene has an option to pay $575 000 lump sum or pay $6000 at the end of every month for the next 10 years. If money earns 5% compounded monthly, which option has a better economic advantage?
◦ Paying monthly has an advantage of $9312 in PV
◦ Paying lump sum has an advantage of $85 129 in PV
◦ Paying lump sum has an advantage of $9312 in PV
◦ Both options are the same. Choose any.
◦ Paying monthly has an advantage of $85 129 in PV
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by mmm on Jun 7, 2019

SeanoH09

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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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mmm

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Reply 2 on: Jun 7, 2019
YES! Correct, THANKS for helping me on my review

JaynaD87

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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