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Use the following data: Down payment for lease Monthly lease payment $1,800 S 560 Down payment (to finance vehicle) Monthly loan payment 5,200 $ 730

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Use the following data: Down payment for lease Monthly lease payment $1,800 S 560 Down payment (to finance vehicle) Monthly loan payment 5,200 $ 730 Length of loan 48 months Length of lease $ 9,600 48 months End-of-lease charges S Value of vehicle at end of 1loan 900 a. What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $31,000? Total Cash Outflow Buying Leasing

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