Using the Consumer Buying Matrix( p. 252), conduct a quantitative product evaluation rating for each brand. What other factors is Tammy likely to consider when making her purchase?
- 2. Based on the following, calculate the costs of buying and of leasing a motor vehicle.
Purchase Costs Leasing Costs Down payment $ 1,500 Security deposit $ 500 Loan payment Lease payment
$ 450 for 48 months
$ 450 for 36 months
Estimated value at End of loan $ 4,000 End of lease charges $ 600 Opportunity cost interest rate: 4 percent
3. You can purchase a service contract for all of your major appliances for $ 180 a year. If the appliances are expected to last for 10 years, and you earn 5 percent on your savings, what would be the future value of the amount you would pay for the service contract?
4. You estimate that you can save $ 3,800 by selling your own home rather than using a real estate agent. What would be the future value of that amount if invested for five years at 7 percent?