Mathematics, 15.11.2019 02:31 adrianaglass12
4. bob is planning to lease a vehicle to use for his business. the lease has the following terms:
• term: 5 years
• monthly payments: $295.00
• security deposit: $500.00
• delivery charge: $415.00
• kilometre allowance: 25 000/year ($0.15/km for each additional kilometre)
*the residual value at the end of the lease term is $10 500.00 (including taxes and fees)
a) how much will it cost to lease the vehicle over a 5-year term? assume bob returns the
vehicle in good condition, having driving 130 000 kilometres.
b) if bob purchases the vehicle at the end of the lease, how much will he have paid for it?
(remember, he won't pay a penalty for kilometres if he purchases the vehicle after the
lease.)
c) if he buys the vehicle outright instead of leasing it, it will cost $21 000, including taxes and
fees. what is the difference in price between purchasing the vehicle outright and the price if
he buys out the lease as in part 'b'?
Answers: 2
Mathematics, 22.06.2019 00:00
Apassenger train and a freight train leave san jose at 3pm, traveling in the same direction. the passenger train is going three times as fast as the freight train. at 6pm they are 240 miles apart. how fast is each travelling? explain your answer and show your
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Mathematics, 22.06.2019 00:30
Simplify the given expression leaving the answer in improper fraction form. 2/3+5/6
Answers: 2
4. bob is planning to lease a vehicle to use for his business. the lease has the following terms: