Question
Facts and Assumptions: Lease Term in Months 24 Lease Down Payment $ 500.00 Monthly Lease Payments $ 300.00 Sales Tax Rate 8% Lease Buyout at
| Facts and Assumptions: | |
| Lease Term in Months | 24 |
| Lease Down Payment | $ 500.00 |
| Monthly Lease Payments | $ 300.00 |
| Sales Tax Rate | 8% |
| Lease Buyout at End | $ 15,000.00 |
| Title Fee | $ 25.00 |
| Car Loan Market Rate | 7% |
| Outright Purchase Price Before Tax and Title | $ 19,500.00 |
What is the NPV of the lease? Round you answer to the nearest whole number. Do not use $, commas, or decimal points and enter as a positive number. For example, -$34,567.50 would be entered as 34568.
What would it cost you to buy the car today if you were paying cash? Round you answer to the nearest whole number. Do not use $, commas, or decimal points and enter as a positive number. For example, $34,567.50 would be entered as 34568
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