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Purchase Costs   Leasing Costs   Down payment $ 1,500   Security deposit $ 500   Loan payment $ 450 for 36 months   Lease payment $ 450 for 36 months   Estimated value at end of loan $ 4,000   End of...

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Finance

Purchase Costs  Leasing Costs
  Down payment$1,500  Securitydeposit$500
  Loan payment$450for 36 months  Lease payment$450for 36 months
  Estimated value atend of loan$4,000  End of leasecharges$600
  Opportunity costinterest rate4percent
Based on the above, calculate the costs of buying and ofleasing a motor vehicle.

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Calculate he present value of loan    See Answer
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Transcribed Image Text

Purchase Costs  Leasing Costs  Down payment$1,500  Securitydeposit$500  Loan payment$450for 36 months  Lease payment$450for 36 months  Estimated value atend of loan$4,000  End of leasecharges$600  Opportunity costinterest rate4percentBased on the above, calculate the costs of buying and ofleasing a motor vehicle.

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