Explain personal and economic factors that would influence

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Problem: Purchasing Decisions (20 points) Option I. Research the costs of an automobile that you would like to potentially purchase or lease (this can be a hypothetical situation). List the fixed costs and the variable costs you need to consider to buy and to lease, and compare the two options. Explain the personal and economic factors that would influence your decision to either buy or lease. OR Option II. Research the costs of housing in your area. Choose one rental and list the fixed and variable costs per month (for example - 2 bedroom, 2 bath home, or a studio apartment). Research a comparable sized a property for sale in your area. List the fixed and variable costs of owning this home. Compare the two options - rent or buy. Explain the personal and economic factors that would influence your decision to either rent or buy.

Reference no: EM133666035

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