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Use the following data: Down payment (to finance vehicle) $ 8,000 Down payment for lease $ 3,200 Monthly loan payment $ 1,120 Monthly lease payment
| Use the following data: |
| Down payment (to finance vehicle) | $ | 8,000 | Down payment for lease | $ | 3,200 | ||
| Monthly loan payment | $ | 1,120 | Monthly lease payment | $ | 840 | ||
| Length of loan | 48 | months | Length of lease | 48 | months | ||
| Value of vehicle at end of loan | $ | 15,200 | End-of-lease charges | $ | 1,600 | ||
| a. | Prepare a financial comparison of buying and leasing a motor vehicle with a $46,700 cash price. |
| Total Cash Outflow | |
| Buying | $ |
| Leasing | $ |
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Dynamics Of International Finance
Authors: Ruchi Mehrotra Joshi
1st Edition
1685078389, 978-1685078386
