Complete the table below to compare the costs and benefits of a cash purchase versus a credit purchase. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories. See below for the necessary data. See Addendum B for the necessary data

Research for Nissan Versa Sedan 2016

• 4 speed automatic
• Air conditioning
• Bluetooth hands-free phone system Credit Purchase Total price of car Down payment (-) Amount financed Length of time Interest rate Monthly payment

Lease

$ 14,840.00

Total price of car

$ 880.00

Acquisition fee (+)

$ 16, 260.00

Adjusted capitalized cost

60 MONTHS Length of time 3.57% Security deposit

$ 271.00

Monthly payment

Savings account interest earned rate = 1.06%

Estimated value of car at end of loan - $6,200

www.nissanusa.com

$ 14,840.00

$ 610.00

$ 15,360.00

36 MONTHS $ 300.00 $ 299.

• Jamie Lee intends to use the car for at least five years before selling or trading it for a small SUV.
• Note that there is a $400 rebate offer for cash purchase.
• The tax is calculated using the Total cost of vehicle.

Total cost of vehicle

Tax.

Tags and registration (delivery/set up fees)

14,840.00

[3%1

$ 89.00