6 Quiz B ok Use the following data: Down payment: $7,200 Purchase Costs Loan payment: $260...

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6 Quiz B ok Use the following data: Down payment: $7,200 Purchase Costs Loan payment: $260 for 48 months Estimated value at end of loan: $5,900 Opportunity cost interest rate: 2 percent per year Calculate the costs of buying versus leasing a motor vehicle. $+ 13,780 nt Cost of buying Cost of leasing $ 15,765 Leasing Costs Security deposit: $2,400 Lease payment: $260 for 48 months End-of-lease charges: $885 6 Quiz B ok Use the following data: Down payment: $7,200 Purchase Costs Loan payment: $260 for 48 months Estimated value at end of loan: $5,900 Opportunity cost interest rate: 2 percent per year Calculate the costs of buying versus leasing a motor vehicle. $+ 13,780 nt Cost of buying Cost of leasing $ 15,765 Leasing Costs Security deposit: $2,400 Lease payment: $260 for 48 months End-of-lease charges: $885