You are considering purchasing a new automobile with the upfront cost of $26,000 or leasing it from the dealer for a period of 48 months. The dealer offers you 2.80% APR financing for 48 months (with payments made at the end of the month)
Assuming you finance the entire $26,000 through the dealer, your monthly payments will be closest to ________.
A) $459
B) $688
C) $573
D) $802
Answer: C
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Which of the following is true about the situation where a party who owns a fee simple absolute
conveys a life estate, but does not convey any other interest? A) Upon the death of the holder of the life estate, the property will go to the heirs of the holder of the life estate. B) The grantor holds a fee simple defeasible. C) The conveyance is invalid because it is incomplete. D) The grantor holds a reversion. E) The grantor has created a remainder, even though the identity of the holder of the remainder is not yet known.
In adaptive forecasting, the estimates of level, trend, and seasonality are updated after each demand observation
Indicate whether the statement is true or false.