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Use the following data: Down payment (to finance vehicle) $ 5,200 Down payment for lease $ 1,800 Monthly loan payment $ 730 Monthly lease payment
Use the following data:
| Down payment (to finance vehicle) | $ 5,200 | Down payment for lease | $ 1,800 | ||
|---|---|---|---|---|---|
| Monthly loan payment | $ 730 | Monthly lease payment | $ 560 | ||
| Length of loan | 48 | months | Length of lease | 48 | months |
| Value of vehicle at end of loan | $ 9,600 | End-of-lease charges | $ 900 |
a. What is the total cost for buying and for leasing a motor vehicle with a cash price of $31,000?
Buying:
Leasing:
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Quantum Investing Unlocking The Secrets Of The New Financial System
Authors: Hugh Webb
1st Edition
979-8388948823
