Mathematics, 07.01.2021 21:20 AM28
37,593 +3,101.42 = 40,694.42 balance
11. A car costing $34,000 can be leased for $473 monthly over 5 years with a
$2,420 down payment. The car's residual value is estimated to be $16,400.
If the car is purchased with a $5,000 down payment, the monthly loan
payments will be $623 for 60 months. Is buying or leasing less expensive,
and how much less?
Answers: 3
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37,593 +3,101.42 = 40,694.42 balance
11. A car costing $34,000 can be leased for $473 monthly over...
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