Question: Purchase Costs Leasing Costs Down payment $ 1,600 Security deposit $ 1,030 Loan payment $ 590 for 36 months Lease payment $ 550 for 36

Purchase Costs Leasing Costs
Down payment $ 1,600 Security deposit $ 1,030
Loan payment $ 590 for 36 months Lease payment $ 550 for 36 months
Estimated value at end of loan $ 5,000 End of lease charges $ 920
Opportunity cost interest rate 5 percent

Based on the costs listed in the table above, calculate the costs of buying and leasing a motor vehicle. (Round your answers to the nearest whole number.)

Buying and Leasing;

Total Purchase Cost:

Total Leasing Cost:

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