Business, 07.11.2019 02:31, nakeytrag

After deciding to buy a new car, you can either lease the car or purchase it on a two-year loan. the car you wish to buy costs $38,500. the dealer has a special leasing arrangement where you pay $106 today and $506 per month for the next two years. if you purchase the car, you will pay it off in monthly payments over the next two years at an apr of 7 percent. you believe you will be able to sell the car for $26,500 in two years. what break-even resale price in two years would make you indifferent between buying and leasing? (do not round intermediate calculations and round your final answer to 2 decimal places, e. g., 32.16.)

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After deciding to buy a new car, you can either lease the car or purchase it on a two-year loan. the...