10 Use the following data: 4.54 Purchase Costs Down payment: $3,900 Loan payment: $370 for...
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10 Use the following data: 4.54 Purchase Costs Down payment: $3,900 Loan payment: $370 for 48 months Estimated value at end of loan: $4,800 Opportunity cost interest rate: 4 percent per year Leasing costs Security deposit: $1,300 Lease payment: $370 for 48 months End-of-lease charges: $720 points eBook Calculate the costs of buying versus leasing a motor vehicle. Hint References Cost of buying Cost of leasing
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