Compare the Cost of the Following Leasing Agreement with the Finance

question 86

Multiple Choice

Compare the cost of the following leasing agreement with the finance charge on a loan for the same time period.The price of the car is $14,000,and its projected residual value at the end of four years is $3,000.
​

Other things being equal,one would want to finance this car rather than take this lease if the finance cost were less than

• A)$200.
• B)$1,550.
• C)$2,200.
• D)$2,450.

---

Definitions:

Representation Elections

Elections conducted to determine whether workers wish to be represented by a union, and if so, which union should represent them.

U.S.

A country consisting of fifty states and a federal district, known officially as the United States of America, which is a federal republic in North America.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Decentralization

The process of distributing or dispersing functions, power, people, or things away from a central location or authority.