Jessica and Bill would like you to know if they should lease or finance their next car.

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Jessica and Bill would like you to know if they should lease or finance their next car. They change their car every 4 years.

Finance Option:

MSRP: $45,000

Interest Rate: 2%

Inflation Rate: 3%

Down Payment: 20%

Residual Value: $20,000

Lease Option:

Lease Payment: $600

Due at Leasing: $1,200

What is the present value of lease option?

Posted Date: May 18, 2024 10:14 AM

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Jessica and Bill would like you to know if they should lease or finance their next car.

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