=================================================== BUSN 380 Week 5 Quiz FOR MORE CLASSES VISIT www. busn380study. com
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?
5. John Walters is comparing the cost of credit to the cash price of an item. If John makes a $ 60 down payment, and pays $ 34 a month for 24 months, how much more would that be than the cash price of $ 695?
=================================================== BUSN 380 Week 5 Quiz FOR MORE CLASSES VISIT www. busn380study. com
Question 1. 1.( TCO 1) _____ is the first phase of the consumer buying process.( Points: 1)