Golden0506 Golden0506

28-09-2022
Business

Answered

Purchase Costs Leasing Costs
Down payment $ 2,400 Security deposit $ 1,180
Loan payment $ 470 for 48 months Lease payments $ 420 for 36 months
Estimated value at end of loan $ 5,500 End of lease charges $820
Opportunity cost interest rate: 6 percent

Based on the above, calculate the costs of buying and of leasing a motor vehicle. (Round your answers to the nearest whole dollar.)

Answer :

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