Mari and Cal need a car. The new car they want costs $19750. The dealership

Question

Mari and Cal need a car. The new car they want costs $19750. The dealership

has offered them no interest financing, with a term of 3 years and monthly payments of $548.61. A 2-year lease for the same car costs 542.47 per month.

A) what are the costs of leasing and buying (ignore deprciation)

B) would you recommend leasing or buying for mari and cal? why?

show work please

Answer 1

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