G i v e a d e t a i l e d s o l u t i o n s a n d e x p l a n a t i o n o f h o w e v e r y a m o u n t g o t .

\fAutomobile Lease vs. Purchase Costs Analysis LEASE Item Description Amount 1. Initial Description a. Down payment (capital cost reduction) 220000 b. Security deposit 500.00 2.?0000 2. Terms of lease and loan (years) 4 3. Term of lease and loan (months) (item 2 x12} 43 4. Monthly lease payment 350.00 5. Total payments overthe term of the lease {item 3 x item 4] 16.80000 5. Interest rate earned on savings {in decimal form) 0.040 ?. Opportunity cost of initial payment (item 1 x item 2 x item 6] 432.00 8. Paymentlrefund for market value adjustment at the end of the lease 0-00 (P0 tor closedend leases) Enter estimated end-ofte rm charges 9. Total cost of leasing (item 1a + item 5 + item T + item 8) 19432.00 PURCHASE Item Description Amount 10. Purchase price 22.00000 11. Down payment 3.50000 12. Sales tax rate (in decimal form) 0.05 13. Sales tax(item10xitem12] 1.10000 14. Monthly loan payment (terms: 18 500 . 48 months, TEE) 443.01 15. Total payments over the term ofthe loan (item 3 x item 14} 21264.2? 16. Opportunity cost of down payment (item 2 x item 6 x item 11 } 550.00 1?. Estimated value of the car at the end ofthe loan 12.10000 18. Total cost of purchasing (item 11 + item 13 + item 15 + item 16 12324-2? item 1?)