Determine the following estimate without using a calculator. Then use a calculator to perform the computation necessary to obtain an exact answer. How reasonable is your estimate when compared to the actual answer? You lease a car at $603 per month for 6 years. Estimate the total cost of the lease by rounding the monthly payment to the nearest hundred. The estimate of the total cost of the lease is approximately $ (Round to the nearest hundred as needed.) The actual total cost of the lease is $ How reasonable is your estimate when compared to the actual answer? Select the correct answer below and fill in the answer box to complete your choice. OA. The estimate is a little lower than the actual result. The difference is $ OB. The estimate is a little higher than the actual result. The difference is $

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A:

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A: Solution:-    Given   P=$6300                                       r=4.5%…

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A:

Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: ind Principal when Time 4 years, Interest = $ 400; Rate = 5% p.a. answer (Should be in 4 significant…

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A: Base salary per hour : $9.75Shift duration : 6 hours Shifts per week : 4

Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

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Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

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Q: vehicle is driven 30,000 miles per year, and the annual insurance premium is $1,250, what is the…

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