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A guy called Vishnu is planning to purchase a used car for $ 18,000. But he also has an option of leasing a hybrid vehicle
A guy called Vishnu is planning to purchase a used car for $ 18,000. But he also has an option of leasing a hybrid vehicle from the dealership for $ 90 a month at a 6.99% interest rate with an initial down payment of $3000. Which one is a better option for Vishnu? Please give a detailed description with calculations.
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