Calculate the costs of buying and of leasing a motor vehicle

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Reference no: EM131889725

Purchase Costs     Leasing Costs     Down payment$1,950   Security deposit$1,210   Loan payment$690 for 36 months  Lease payment$550 for 36 months  Estimated value at end of loan$5,100   End of lease charges$1,150   Opportunity cost interest rate 5 percent    

Based on the above, calculate the costs of buying and of leasing a motor vehicle. (Round your answers to the nearest whole number.)

Reference no: EM131889725

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