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Use the following data: Down payment (to finance vehicle) Monthly loan payment Length of loan...

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Use the following data: Down payment (to finance vehicle) Monthly loan payment Length of loan Value of vehicle at end of loan $ 7,200 Down payment for lease $ 1,010 Monthly lease payment 48 months Length of lease $13,600 End-of-lease charges $2,800 $ 760 48 months $1,400 a. What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $42.200? Total Cash Outflow Buying Leasing b. Based on your answers in part a, would you recommend buying or leasing? O Leasing O Buying

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