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You are about to purchase a car today that would have annual (year-end) operating costs of $19,900 which would amount to 27.90% of the car's

You are about to purchase a car today that would have annual (year-end) operating costs of $19,900 which would amount to 27.90% of the car's purchase price. alternatively, you could lease the same car and make year-end payments of $x. the lease payments would include the cost of the car and annual operating costs. the discount rate is 6.20% and the life of the car and the term of the lease are both 4 years with no residual value. what is the maximum lease payment that you would be willing to make?

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