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Mathematics, 17.04.2020 02:00 vladisking888

Gareth has just remodeled his kitchen and wants to buy one of two stand-alone freezers. Consider the following table, which displays the prices, electricity costs, and lifespans of the two freezers he is considering: Brand Brand R Brand S Price $575 $98 Avg. Cost/Wk $3.17 $4.54 Lifespan 10 years 2 years No matter which brand he chooses, Gareth will pay for the freezer on his credit card, which has an APR of 9.31%, compounded monthly. It takes Gareth eighteen months to pay off a Brand S freezer and four years to pay off a Brand R freezer. Assuming that Gareth makes no other purchases or payments with his credit card, over the next ten years, which brand of freezer will have a lower lifetime cost, and how much lower will it be? (Round all dollar values to the nearest cent.) a. Brand R will be $548.18 cheaper than Brand S. b. Brand R will be $712.40 cheaper than Brand S. c. Brand S will be $85.00 cheaper than Brand R. d. Brand S will be $164.22 cheaper than Brand R.

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Gareth has just remodeled his kitchen and wants to buy one of two stand-alone freezers. Consider the...
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