Question: f Question 2 2.5 points You are graduating from UIC and need a car. After considering many vehicles, you have decided that you want a

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f Question 2 2.5 points You are graduating from UIC and need

Question 2 2.5 points You are graduating from UIC and need a car. After considering many vehicles, you have decided that you want a new Toyota Ravit. You can other ease or buy the car and want to decide which is the better choice. Here are the relevant facts: Show all work to determine the cost of buying or leasing) Closed End Las Buy Purchase Price: $22,000 Down Payment $2.250 Sales Tax 8% Payment Down payment 52,000 Security depont $250 Term of Lease: 3 years Monthly Lost payments: $100 Interest Rate on Savings: 15 Finance $19.750 for 3 months Residuw Value: $10,000 Interest Rate on Songs 1% A T: Y a For the toolbar, press ALT F10 (PC) or ALTEN 10 (Mac) BIUS Paragraph Arial 1001 xXTT a > * 2 A

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