12. Buying vs. Leasing a Motor Vehicle. Based on the following, calculate the costs of buying and...

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12. Buying vs. Leasing a Motor Vehicle. Based on the following, calculate the costs of buying and of leasing a motor vehicle. (Obj. 2)

Purchase Costs Leasing Costs Down payment $1,500 Security deposit $500 Loan payment $450 for 48 months Lease payment $450 for 36 months Estimated value at end of loan $4,000 End of lease charges $600

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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