Decide Whether the Statement Makes Sense

question 244

Essay

Decide whether the statement makes sense. Explain your reasoning.
-Jose's car gets about 20 miles to the gallon. He is thinking of buying a new fuel-efficient car
which gets 40 miles to the gallon and which costs $25,000. He reasons in this way: " I drive
about 300 miles per week. Gas costs about $3.50 per gallon. That means I'll save $1365 per
year on gas. That means that if gas remains at $3.50 per gallon it will be about 18 years
before the car has paid for itself. I don't think I can justify buying the new car. "

Learn about the development of crime-related infotainment from the late 1980s to present.

Understand the ethical standards and principles such as 'do no harm' in journalism.

Comprehend the historical evolution of press freedom within the United States.

Recognize the distinction between a story being of public interest and merely interesting to the public.

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Definitions:

Compounded Semiannually

Compounded semiannually refers to the process of calculating interest on a principal sum where the interest is added to the principal twice a year, causing it to grow at an accelerated rate.

Strip Bond

A debt security that pays no interest and is sold at a discount from its face value, with the investor receiving the bond's face value at maturity.

Compounded Semiannually

The process of applying interest to an investment or loan twice a year, resulting in compound growth.

Face Value

The nominal value or dollar value stated on a security or financial instrument, such as a bond.