A dealer offers to lease a system to you for $120 per month for six years. At the end of six years, you have the option to buy the system for $800. You will pay at the beginning of each quarter. He will sell the same system to you for $2,100 cash. If the going interest rate is 11%, which is the better offer?

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table for a simple linear regression model y = Bo + Br2 + where E(e) = 0, Var(e) = o2, and € uncorrelated. ete the 1 Source Sum of Squares df Mean Sum of Squares F Regression 5009 Error Total 7870.2 26 table for a simple linear regression model y = Bo + Br2 + where E(e) = 0, Var(e) = o2, and € uncorrelated. ete the 1 Source Sum of Squares df Mean Sum of Squares F Regression 5009 Error Total 7870.2 26

Answer rating: 100% (QA)

Assuming the interest rate is annually compounded The monthly payment is 120 The quarte... View the full answer