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ERIC Number: EJ865984
Record Type: Journal
Publication Date: 2009
Pages: 7
Abstractor: As Provided
Reference Count: 3
ISSN: ISSN-1051-1970
Rent or Buy
Van Hecke, Tanja
PRIMUS, v19 n6 p541-547 2009
When one looks around in everyday life, one sees mathematics everywhere: i.e., when making the right decisions whether to rent or buy a bicycle depending on the circumstances. Mathematics can determine (in case of renting a bicycle) the maximum rental cost to ensure that you will be able to pay the rental cost every month. The period you need the bicycle will also influence the rental cost you are prepared to pay. It is also possible to evaluate whether renting is better than buying, depending on the interest rate the bank is offering you for investing your saved money that you do not spend at once because you rent the bicycle. (Contains 3 figures.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A