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Using the following information, what is the cost to lease a car? Security deposit Monthly lease payment Opportunity cost of security deposit End-of-lease charges $360

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Using the following information, what is the cost to lease a car? Security deposit Monthly lease payment Opportunity cost of security deposit End-of-lease charges $360 $360 per month for a five- year lease $360 * loan period (in years) * 2% interest $560 Multiple Choice $22,556.00 $22,232.00 O $21,600.00 O $22,756.00 $22,196.00

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