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2. 20.00 points value: Use the following data: Purchase Costs Leasing Costs Down payment: $3,000 Loan payment $900 for 48 months Estimated value at end

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2. 20.00 points value: Use the following data: Purchase Costs Leasing Costs Down payment: $3,000 Loan payment $900 for 48 months Estimated value at end of loan: $4,500End-of-lease charges: $675 Security deposit: $1,000 Lease payment $900 for 48 months Opportunity cost interest rate: 2 percent Calculate the costs of buying versus leasing a motor vehicle. Cost of buying Cost of leasing HintsReferences eBook & Resources Hint#1

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