Week 6 Discussion.docx - Week 6 Discussion 1 Pick out a new car that you are interested in Briefly what did you choose and why 2 Research the purchase

Week 6 Discussion.docx - Week 6 Discussion 1 Pick out a new...

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Week 6 Discussion 1. Pick out a new car that you are interested in. Briefly, what did you choose and why? 2. Research the purchase costs and the leasing costs for the car ( note: your analysis in Q3 is only going to be relevant if you look at loan and lease for the same number of months ). You can research this by looking at currently running advertisements in the paper or online at car manufacturer websites, or talking to a dealer. You can also see leasing and buying incentives at . You can find current interest rates for car loans at (recall that you learned how to find a loan payment using present value in Chapter 1), and you can use an opportunity cost of 3 percent. You can find value of car at end of a loan term at . Report on your numbers and your source(s) of information.
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