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mancial Problems i Saved Use the following data: Purchase Costs Down payment: $3,000 Loan payment. $400 for 48 months Estimated value at end of loan:

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mancial Problems i Saved Use the following data: Purchase Costs Down payment: $3,000 Loan payment. $400 for 48 months Estimated value at end of loan: $4,500 Opportunity cost interest rate: 2 percent Leasing Costs Security deposit: $1,000 Lease payment: $400 for 48 months End-of-lease charges: $675 Calculate the costs of buying versus leasing a motor vehicle. Cost of buying Cost of leasing

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