Saved Use the following data: 950 Down payment (to finance vehicle) Monthly loan payment Length...
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Saved Use the following data: 950 Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of loan $ 6,800 Down payment for lease Monthly lease payment 48 months Length of lease $ 12,890 End-of-lease charges $ 2,600 $ 720 48 months $ 1,300 a. What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $39700? Total Cash Outflow Buying Leasing $ 38,460 b. Based on your answers in part a, would you recommend buying or leasing? Leasing Buying O A of 6 Next
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