1. Which event will have the greatest impact (positive or negative) on one's net worth after one month?
Buy a new car at market value for $15,000. Car depreciates 20% upon transfer of ownership.
Lease a $15,000 car on a 3 year lease. The monthly payment is $199 and all lease payments are required in the lease.
Buy a used car at market value for $15,000
None of these events will impact the net worth of an individual
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