Tim needs a new car while he attends college in the United States for the next three years. The car he would like has an MSRP of $15,000. A local dealer can get him a three-year loan with a 7% interest rate if Tim can make a $1,500 down
payment.
The same dealer offers the same car for lease with a money factor of 0.00271 and a residual value of 75%. The lease
requires an additional fee of $1,250 to cover Tim's security deposit and the acquisition and documentation fees for the
car.
Tim is looking to drive the car home with the smallest monthly payment. Which of the following statements is true?
a.
The monthly payment for the loan is lower.
b. The monthly payment for the lease is lower.
The monthly payments for the lease and loan are the same.
d. You cannot compare the monthly payments for leases and loans,
c.
Please select the best answer from the choices provided.
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.

step-by-step explanation:

the final price would be 29.6925

step-by-step explanation:

39.59 minus 25% equals 29.6925

step-by-step explanation:

i found the life tables for the year 2012. 

life table of males at age 30. probability of dying between ages x and x+1

total population:  

29–30 . . . . . . . . . . . . 0.001030

30–31 . . . . . . . . . . . . 0.001061

males:  

29–30 . . . . . . . . . . . . 0.001420

30–31 . . . . . . . . . . . . 0.001448

white population

29–30 . . . . . . . . . . . . 0.001005

30–31 . . . . . . . . . . . . 0.001037

white males

29–30 . . . . . . . . . . . . 0.001372

30–31 . . . . . . . . . . . . 0.001399

non hispanic white population

29–30 . . . . . . . . . . . . 0.001083

30–31 . . . . . . . . . . . . 0.001116

non hispanic white males

29–30 . . . . . . . . . . . . 0.001477

30–31 . . . . . . . . . . . . 0.001503

jacob, non hispanic white male. 30 years old.

probability that jacob lives to be 30 years old. 

since the given probabilities are probabilities of dying, i think we simply subtract it from 1 to get the probability of living. we will use the probability of non hispanic white male.

                                          probability of living to be 30 y.o.

29 - 30 : 1 - 0.001477 = 0.998523

30 - 31 : 1 - 0.001503 = 0.998497

answer: 40392

step-by-step explanation:

10098 x 4 = 40392