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Purchase CostsLeasing CostsDown payment$1,950Security deposit$1,210Loan payment$690for 36 monthsLease payment$550for 36 monthsEstimated value at end of loan$5,100End of lease charges$1,150Opportunity cost interest rate5percent Based on the
Purchase CostsLeasing CostsDown payment$1,950Security deposit$1,210Loan payment$690for 36 monthsLease payment$550for 36 monthsEstimated value at end of loan$5,100End of lease charges$1,150Opportunity cost interest rate5percent
Based on the above, calculate the costs of buying and of leasing a motor vehicle.(Round your answers to the nearest whole number.)
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