Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle with a $24,000 cash price:
Down payment (to finance vehicle) $4,000
Down payment for lease $1,200
Monthly loan payment $560
Monthly lease payment $440
Length of loan β 48 months
Length of lease - 48 months
Value of vehicle at end of loan $7,200
End-of-lease charges $600
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Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle wi...
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