Question: Use the following data: $ 1,600 $ 4,800 Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of

Use the following data: $ 1,600 $ 4,800 Down payment (to

Use the following data: $ 1,600 $ 4,800 Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of loan $ 670 48 months Down payment for lease Monthly lease payment Length of lease End-of-lease charges $ 520 48 months $ 800 $ 8,800 a. What is the total cost for buying and for leasing a motor vehicle with a cash price of $28,350? Total Cost Buying Leasing b. Based on your answers in part a, would you recommend buying or leasing? O Buying O Leasing

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