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Need ASAP RUTGERS Rutgers Business School Newark and New Brunswick Purchasing Versus Leasing a Car * You are looking for a car and found one
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RUTGERS Rutgers Business School Newark and New Brunswick Purchasing Versus Leasing a Car * You are looking for a car and found one you like for $35,000 * Financing Choices - Buy $10,000 down 7.69% for 3 years 5 Year Straight line Depreciation Assume Depreciated Value = Residual Value of Car - Lease Nothing down Lease for $744.83 a month for 3 years * What should you do if you are an - Individual (Income Tax Rate =35%) - Corporation (Income Tax Rate =35%) Professor Guthner, Corporate Finance RUTGERS Rutgers Business School Newark and New Brunswick Purchasing Versus Leasing a Car * You are looking for a car and found one you like for $35,000 * Financing Choices - Buy $10,000 down 7.69% for 3 years 5 Year Straight line Depreciation Assume Depreciated Value = Residual Value of Car - Lease Nothing down Lease for $744.83 a month for 3 years * What should you do if you are an - Individual (Income Tax Rate =35%) - Corporation (Income Tax Rate =35%) Professor Guthner, Corporate FinanceStep by Step Solution
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