Compare purchasing a car for $19, 750 with 5% financing compounded monthly for 3 years versus leasing the same car for $450 a month with a $4,000 down payment. Use this information to answer questions 9, 10, 11, and 12.

- What are the monthly payments if you purchase the car?

- How much less does it cost each month if you lease the car versus purchase the car?

- Disregarding the $4,000 down payment, how much money is saved over 3 years if you lease the car versus purchase the car?

- If the purchased car depreciates $6,571.46 in 3 years , how much is the vehicle worth at the end of

Question

Compare purchasing a car for $19, 750 with 5% financing compounded monthly for 3 years versus leasing the same car for $450 a month with a $4,000 down payment. Use this information to answer questions 9, 10, 11, and 12.

- What are the monthly payments if you purchase the car?

- How much less does it cost each month if you lease the car versus purchase the car?

- Disregarding the $4,000 down payment, how much money is saved over 3 years if you lease the car versus purchase the car?

- If the purchased car depreciates $6,571.46 in 3 years , how much is the vehicle worth at the end of

anonymous · Answer

- If the purchased car depreciates $6,571.46 in 3 years , how much is the vehicle worth at the end of the 3 years?