decsion? Consider the folowing stanaria:

Should Eli Lease er Purchase?

purthase the whicle.

coit, and monthly payments of $$352$ aver the three$-$year term of the clesed$-$end iease. Tha Prius will have a residual valox of

$$7,,5$ B$.$

price, and make monthly payments of $$529$ an a three$-$rear iban that chargen $4$sk interest.

Be aware that funds usid as down parments and ascurity deposits incur an apporturity cest of $4$ th$,$ as they could have earned

intarest for El owar tha pariod of the llase or ioan.

to the fralesest whele dellar$]$

AUTOHOBIL LEASE$-$VERSUS DURCHASE$-$AMALYS$1$S

Amount

$($s$)$

LEASE

Item Description

Intal Payment

Based on this analysis, Eli shoud:

Use the loan to purchese the Prius, because is betal cast is lesi than the total cool of a lease transaction