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Use the following information on car purchasing versus car leasing to answer the following: Down payment (to finance Down payment for $5,000 $2,200 lease vehicle)

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Use the following information on car purchasing versus car leasing to answer the following: Down payment (to finance Down payment for $5,000 $2,200 lease vehicle) Monthly loan payment $440 Monthly lease $560 payment Length of loan 48 months Length of lease 48 months Value of vehicle at end of loan $8,400 End-of-lease charges $800 a. Looking at the above, show your calculations for the total cost of purchasing this vehicle. b. Looking at the above, show your calculations for the total cost of leasing this vehicle. c. What other factors should we consider before we lease or purchase a vehicle? Please be sure to elaborate and provide a thoughtful answer. Edit Minut Inrort Format Tools Table

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