Rent v. Lease Worksheet Attached Files: Lease vs. Purchase.xls (25 KB) Doug is considering the purchase of a Mini-Cooper. A close friend has suggested that he consider leasing. Complete the Rent v. Lease worksheet based on the details below and attach it here in Blackboard. Should Doug lease? Lease Capitalized cost $31,800 price = $31,800 Down = $5400 2 year loan for $26,900 at 7% 4% opportunity cost of down payment apitalized cost reduction = $2800 Monthly lease payment $424.85 Security deposit $500 1% opportunity cost of down payment Expected market value of car after 2 years = $25,800 $25,800 Rent v. Lease Worksheet Attached Files: Lease vs. Purchase.xls (25 KB) Doug is considering the purchase of a Mini-Cooper. A close friend has suggested that he consider leasing. Complete the Rent v. Lease worksheet based on the details below and attach it here in Blackboard. Should Doug lease? Lease Capitalized cost $31,800 price = $31,800 Down = $5400 2 year loan for $26,900 at 7% 4% opportunity cost of down payment apitalized cost reduction = $2800 Monthly lease payment $424.85 Security deposit $500 1% opportunity cost of down payment Expected market value of car after 2 years = $25,800 $25,800