Maurice Tutor

(5)

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About Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 29 Apr 2018 My Price 4.00

annual market rate

You have just started your first job and you want to have the basic appliances (fridge, washer, dryer, etc.) in your apartment. You face the following choices: (i) Purchase all appliances at the store using a bank loan. There is no down payment as the bank can take your appliances if you default on the loan. The loan is at the annual market rate of 6%, and the loan amount is $5,300 to be repaid monthly over 4 years. (ii) Rent-to-buy from the same store. The monthly rental is $110 for 48 months and then you pay $800 to own all the appliances. What is the net cost today of the cheapest option?
 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 29 Apr 2018 10:04 PM My Price 4.00

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