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SAM IS WONDERING WHETHER TO BUY A CAR OR RENT IT. THE CAR PURCHASE PRICE IS 15,000 DOLLARS AND REQUIRE A DOWN PAYMENT OF 2000

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SAM IS WONDERING WHETHER TO BUY A CAR OR RENT IT. THE CAR PURCHASE PRICE IS 15,000 DOLLARS AND REQUIRE A DOWN PAYMENT OF 2000 DOLLARS. THE REQUIRED PAYMENT IS 395.48. INTEREST IS 5% FOR 3 YEARS. AND THE RESALE PRICE AFTER THE 3RD YEAR IS 8000 DOLLARS. IF SHE wants TO RENT THE CAR SHE WILL DEPOSIT 1000 DOLLARS WITH A MONTHLY PAYMENT OF 300 DOLLAR BY HOW MUCH IS SAM BETTER OF BUYING THE CAR

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