Question: Question 10 Given the following information calculate the present value cost of leasing this car Purchase price = $20,000 Lease security deposit = 600 Monthly

Question 10 Given the following information calculate the present value cost of leasing this car Purchase price = $20,000 Lease security deposit = 600 Monthly lease payment = 475 Lease term = 3 years (closed end lease) Down payment for purchase = $2,500 Monthly purchase payments = 567 Sales tax on purchase = 5% Residual value of car in three years = 5,200 Interest rate = 6% Question 11 Given the following information calculate the present value cost of owning this car Purchase price = $20,000 Lease security deposit = 600 Monthly lease payment - 475 Lease term = 3 years (closed end lease) Down payment for purchase = $2,500 Monthly purchase payments = 567 Sales tax on purchase = 5% Residual value of car in three years - 5,200 Interest rate = 6% MacBook

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