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Suppose that you have the option to lease a new Mitsubishi Eclipse, which you otherwise intend to buy. You must put $ 2 0 0
Suppose that you have the option to lease a new Mitsubishi Eclipse, which you otherwise intend to buy. You must put $ down, and will make payments of $ per month for months, at the beginning of each month. Upon termination, you can purchase the car for an additional payment of $ at lease expiration. Alternatively, the dealer has offered to finance the purchase at APR for months, with nothing down, yielding payments of $ per month at the end of each month. If you choose to purchase the car using dealer financing, rather than choosing the leasepurchase option, how much have you saved or lost on the effective purchase price of the car in dollars and cents. make your answer positive when you save, negative when you are paying more. Anwer in decimal form
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