Question
Purchase CostsLeasing CostsDown payment$2,150Security deposit$840Loan payment$530for 36 monthsLease payment$450for 36 monthsEstimated value at end of loan$4,500End of lease charges$1,160Opportunity cost interest rate4percent Based on the
Purchase CostsLeasing CostsDown payment$2,150Security deposit$840Loan payment$530for 36 monthsLease payment$450for 36 monthsEstimated value at end of loan$4,500End of lease charges$1,160Opportunity cost interest rate4percent
Based on the above, calculate the costs of buying and of leasing a motor vehicle
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Personal Financial Planning
Authors: Lewis J. Altfest
2nd edition
1259277186, 978-1259277184
