Question
Jill is getting a car. Should she lease or borrow? (Hint: use the IRR function for actual lease cost and remember the cash flows [payments
Jill is getting a car. Should she lease or borrow? (Hint: use the IRR function for actual lease cost and remember the cash flows [payments made are negative] are monthly!) Please explain how to calculate the 36 month payment.
B C D Problem 1 \begin{tabular}{|c|r|r|} \hline Cash Flows & Car price & 38,000 \\ \hline 36,000 Start & Down payment & 2,000 \\ \hline(719) & Monthly lease pmt. & 719 \\ \hline(719) & 36-month buyout price & 40.0% percent of car price \\ \hline(719) & Bort & 5.75% \end{tabular} (719) Actual lease cost (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) include the 36-month buyout price! B C D Problem 1 \begin{tabular}{|c|r|r|} \hline Cash Flows & Car price & 38,000 \\ \hline 36,000 Start & Down payment & 2,000 \\ \hline(719) & Monthly lease pmt. & 719 \\ \hline(719) & 36-month buyout price & 40.0% percent of car price \\ \hline(719) & Bort & 5.75% \end{tabular} (719) Actual lease cost (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) (719) include the 36-month buyout price Step by Step Solution
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Commodity Trading Mistakes
Authors: Andrew Abraham
1st Edition
1492389366, 978-1492389361
