Isur ance, poou LO8-2 9. Buying versus Leasing a Motor Vehicle. Based on the following, calculate the costs of buying and of leasing a motor vehicle. Purchase Costs Leasing Costs Down payment $1,500 Security deposit $500 Loan payment $450 for 36 months Lease payment $450 for 36 months Estimated value at end of loan $4,000 End of lease charges $600 Opportunity cost interest rate: 4%

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