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Based on this information, please help me to solve these two questions, thanks! For everything, provide the necessary details/show your work/screenshots: Vehicle price (show work
Based on this information, please help me to solve these two questions, thanks!
For everything, provide the necessary details/show your work/screenshots: Vehicle price (show work if you must calculate it): 58,355.00 Dollars Lease payment amount and frequency: 43091.67 Dollars Lease term: 45 months Lease interest rate: 7.09% Lease down payment: 10000.00 Dollars Residual value: 28,010.40 Dealership financing interest rate: 7.64% Cash rebate offer: 0 Bank vehicle loan financing interest rate: 3.99% CIBC Savings account interest rate (\& details): Get up to 3.25% interest. Let's work with the dealership lease first. Calculate the TOTAL out-of-pocket cost to acquire ownership via this option. (5 points) Let's work with the dealership finance second. Use the same down payment, payment interval and term as the dealership lease. Calculate the TOTAL out-of-pocket cost to acquire ownership via this option. (3 points) For everything, provide the necessary details/show your work/screenshots: Vehicle price (show work if you must calculate it): 58,355.00 Dollars Lease payment amount and frequency: 43091.67 Dollars Lease term: 45 months Lease interest rate: 7.09% Lease down payment: 10000.00 Dollars Residual value: 28,010.40 Dealership financing interest rate: 7.64% Cash rebate offer: 0 Bank vehicle loan financing interest rate: 3.99% CIBC Savings account interest rate (\& details): Get up to 3.25% interest. Let's work with the dealership lease first. Calculate the TOTAL out-of-pocket cost to acquire ownership via this option. (5 points) Let's work with the dealership finance second. Use the same down payment, payment interval and term as the dealership lease. Calculate the TOTAL out-of-pocket cost to acquire ownership via this option. (3 points)Step by Step Solution
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