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

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Finance

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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 $ 6,200 Down payment for lease $ 870 Monthly lease payment 48 months Length of lease $11,600 End-of-Lease charges $2,300 $ 660 48 months $1,150 a. What is the total cash outflow for buying and for leasing a motor vehicle with a cash price of $36,500? Total Cash Outflow Buying Leasing b. Based on your answers in part a, would you recommend buying or leasing? Buying Leasing

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