OK, are you ready for a test drive? CARS4U.COM provides a unique Internet-based car buying and leasing

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OK, are you ready for a test drive? CARS4U.COM provides a unique Internet-based car buying and leasing service where they will deliver the car of your choice to your doorstep (well, driveway). Look at the information for the VW Jetta below and decide whether the lease is preferable to financing and purchasing. To get the interest rate, add 1 percent to the current prime rate from Royal Bank (rbcroyalbank.com/rates/prime.html). Leasing and financing assumptions are provided below and in the link.

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Related Book For  answer-question

Fundamentals of Corporate Finance

ISBN: 978-0071051606

8th Canadian Edition

Authors: Stephen A. Ross, Randolph W. Westerfield

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