in your a pa rtme nt you fa c e the following c hoic

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Unformatted text preview: ba nk loa n. The re is no down pa yme nt a s the ba nk c a n ta ke your a pplia nc e s if you de fa ult on the loa n. The loa n is a t the a nnua l ma rke t ra te of 5%, a nd the loa n a mount is $6,000 to be re pa id monthly ove r 4 ye a rs.(ii) Re nt-to-buy from the sa me store . The monthly re nta l is $125 for 48 months a nd the n you pa y $1,000 to own a ll the a pplia nc e s. Wha t is the ne t c ost toda y of the c he a pe st option? (E nte r just the numbe r without the $ sign or a c omma ; round off de c ima ls. Sinc e this a sks for a c ost, you just e nte r the numbe r without a ne ga tive sign.) Yo u entered : 6000 Yo ur Ans wer 6000 Tota l Sco re Ex p lanatio n 1 5 .0 0 Corre c t. You unde rsta nd this re a l life situa tion we ll. 1 5 .0 0 / 1 5 .0 0 Ques tio n Ex p lanatio n This is a proble m tha t you will fa c e ofte n; dra w time line s a nd think through c a re fully. https://c la ss.c our se r a .or g/intr of ina nc e - 005/quiz /f e e dba c k? submission_id= 92142 7/8 16/2/2014 Quiz Fe e dba c k | Cour se r a https://c la ss.c our se r a .or g/intr of ina nc e - 005/quiz /f e e dba c k? submission_id= 92142 8/8...
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