Question: Use the following data $1, 300 $ 460 Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of

Use the following data $1, 300 $ 460 Down payment (to

Use the following data $1, 300 $ 460 Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of loan $ 4, 200 $ 590 Down payment for lease Monthly lease payment 48 months Length of lease 48 months $ 7, 600 End-of-lease charges $ 650 a. What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $25,200? Total Cash Outflow Buying Leasing b. Based on your answers in part a, would you recommend buying or leasing? O Leasing O Buying

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