AnswersFinancial Literacy WMHS - Semester 1Case Study: Personal Financial Planning

Case Study: Personal Financial Planning Answers

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Compare the costs of buying and leasing a new vehicle.What are the advantages of buying the car? Check all that apply.

A
I have enough saved for the down payment.
B
There are no mileage restrictions.
C
The price of the car is less.
D
The monthly payment is less.
E
I will own the car in five years.
3

willwill not

A
will
B
will not
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$225 $250$275

A
$225
B
$250
C
$275
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$200$225 $250

A
$200
B
$225
C
$250
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Question text not available

Answers:
You live 17 miles from work. You can expect to drive a minimum of miles per week.:170
You will work about 48 weeks per year, so you can expect to drive a minimum of miles per year.:8,160
You have a vacation planned and you expect to drive approximately 2,000 miles round trip. If you take the vacation, you stay under your mileage restriction if leasing.:will not
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7,140✔ 8,160 9,360

A
7,140
B
✔ 8,160
C
9,360
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will✔ will not

A
will
B
✔ will not

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