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Use the following data: Purchase Costs Down payment: $5,100 Loan payment: $330 for 48 months Estimated value at end of loan: $5,200 Opportunity cost interest
Use the following data: Purchase Costs Down payment: $5,100 Loan payment: $330 for 48 months Estimated value at end of loan: $5,200 Opportunity cost interest rate: 4 percent Leasing Costs Security deposit: $1,700 Lease payment: $330 for 48 months End-of-lease charges: $ 780 Calculate the costs of buying versus leasing a motor vehicle. Cost of buying Cost of leasing This is a numeric cell, so please enter numbers only
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