Problem 8-9 Buying versus Leasing a Motor Vehicle [LO8-2] Purchase Costs Down payment Loan payment Estimated...

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Problem 8-9 Buying versus Leasing a Motor Vehicle [LO8-2] Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs $ 2,000 $ 550 for 36 months $ 6,000 7 percent Security deposit Lease payment End of lease charges $ 620 $ 530 for 36 months $ 710 Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. Buying and Leasing Total purchase cost Total leasing cost Problem 8-9 Buying versus Leasing a Motor Vehicle [LO8-2] Purchase Costs Down payment Loan payment Estimated value at end of loan Opportunity cost interest rate Leasing Costs $ 2,000 $ 550 for 36 months $ 6,000 7 percent Security deposit Lease payment End of lease charges $ 620 $ 530 for 36 months $ 710 Based on the costs listed in the table above, calculate the costs of buying and of leasing a motor vehicle. Note: Round your answers to the nearest whole number. Buying and Leasing Total purchase cost Total leasing cost