
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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What are some factors Maria should consider when deciding to get the loan or the lease?

Transcribed Image Text:Maria can buy Car A, brand new, for $450/mo for a 4 year loan, or she
can lease the same car for $395/mo for 3 years.
Help Maria decide which option is best.
1. What will Maria's payments be in year 4 if she chooses each option?
BUY
LEASE
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