Use the following data purchase costs leasing costs down, Ask an Expert

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Use the following data: Purchase Costs Leasing Costs Down payment: $3,600 Security deposit: $1,200 Loan payment: $1,080 for 48 months Lease payment: $1,080 for 48 months Estimated value at end of loan: $4,700 End-of-lease charges: $705 Opportunity cost interest rate: 2 percent Calculate the costs of buying versus leasing a motor vehicle. Cost of buying $ Cost of leasing $

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