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Purchase Costs Leasing Costs Down payment $ 2,150 Security deposit $ 840 Loan payment $ 530 for 36 months Lease payment $ 450 for 36
Purchase Costs Leasing Costs Down payment $ 2,150 Security deposit $ 840 Loan payment $ 530 for 36 months Lease payment $ 450 for 36 months Estimated value at end of loan $ 4,500 End of lease charges $ 1,160 Opportunity cost interest rate 4 percent Based on the above, calculate the costs of buying and of leasing a motor vehicle
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