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Based on the following, calculate the additional costs of buying versus leasing a car. (ignore time value of money and round to nearest dollar) Purchase

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Based on the following, calculate the additional costs of buying versus leasing a car. (ignore time value of money and round to nearest dollar) Purchase costs Down payment Monthly loan payment Loan term (yrs) Est. car value at end of loan Opportunity cost interest rate 1,500 $ 450 4yrs 4,000 4% Lease costs Security deposit Lease payment Lease termm End of lease charges $ 500 $ 450 3yrs S 600

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