In the Case Study Evan is trying to calculate some of the alternatives in loan terms. This is shown in Table 2. Complete the Table with the missing payment information.

 

Buy or Lease Buy Buy Buy Buy 3-year Lease in years 1-3 Table 2: Lease and Loan Rates and Terms Vehicle Cost $40,000 $40,000 $40,000 $40,000 $40,000 Term (months) 36 48 60 72 36 Interest Rate 3.50% 4.00% 4.75% 4.95% Monthly Payment $730 Resale or Terminal Value $18,000 $15,000 $13,000 $ 8,000 $22,000