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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

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 $480 $480 per month for a five-year lease $480 x loan period (in years) x 2% interest $680 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 $480 $480 per month for a five-year lease $480 x loan period (in years) x 2% interest $680

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