Based on the following, calculate the costs of buying and of leasing a motor vehicle. Table Summary:
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Based on the following, calculate the costs of buying and of leasing a motor vehicle.
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Table Summary: The left half of this table covers purchase costs and consists of 2 columns. The right half of this table covers leasing costs and consists of 2 columns. Purchase Costs Down payment $1,500 $450 for Loan payment 36 months Estimated value at end of $4,000 loan Opportunity cost interest 4% rate: Leasing Costs Security deposit Lease payment End of lease charges $500 $450 for 36 months $600
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Purchase Costs Down payment 1500 Loan payment 450 per month for 36 months 16200 Opportunity cost ...View the full answer
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Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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