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Use the following data: Purchase Costs Down payment: $5,700 Loan payment: $1,710 for 48 months $5,400 Estimated value at end of loan: Opportunity cost

Use the following data: Purchase Costs Down payment: $5,700 Loan payment: $1,710 for 48 months $5,400 Estimated value at end of loan: Opportunity cost interest rate: 4 percent Cost of buying Cost of leasing $ Calculate the costs of buying versus leasing a motor vehicle. LA LA Leasing Costs Security deposit: $1,900 Lease payment: $1,710 for 48 $ months End-of-lease charges: $810 4

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