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hello I need to answer this question. please answer it in the same formar of the sheet down below 1. Letie vi furchase car dechion.
hello I need to answer this question. please answer it in the same formar of the sheet down below
1. Letie vi furchase car dechion. Uie Worksheet 5.1. Gavin Anilerson is tring ta decide whether to leaue or purchase a naw car costhe 518,000 . If he teases, he'a have 10 pay a. 5600 securify deposit atad menthly paymenes of S425 ovee the 36-mignth term of the closed-efatease. On the other hand, if he beys the car then he'il have to make a 52,400 down payment and will france the bolance with o 36 monah. 5 percent ioen requiring monthy payments of $500, teel atso hase to per a 6 percent saien tax (51, 0 ito) an the purchese prine. and he expects the car to fave a residal value of 54.500 at the end of 1 years. Carin cancarn 2 nercent interest. on hir savings and plans to include the sales rax in the amount tinenced on the frurchate. Whe the automebie lease vernus purchase analysis form in Worksheet 5 . 1 to find the total cest of both the irite etal the puechase and then recemmend the best strategy for 6avi Step by Step Solution
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