Adriver must decide whether to buy a new car for $18,000 or lease the same car over a four-year period. Under the terms of the lease, she can make a down payment of $3000 and have monthly
payments of $200. At the end of the four years the leased car has a residual value (the amount she pays she choses to buy the car at the end of the lease period of $12,000. Assume she can
sell the new car at the end of the four years at the same residual value is less expensive to buy or to lease?
The cost for buying the car and selling it after four years would be?