(Answered) Use the following datadown payment to finance vehicle 4000

Finance

Use the following data:

Down payment (to finance vehicle) $4,000 Down payment for lease$1,200

Monthly loan payment $560 Monthly lease payment $440

Length of loan 48 months Length of lease payment 48 months

Value of vehicle at end of loan$7,200 end of lease charge $600

What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $24,000?

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