Compare the cost of the following leasing agreement with the finance charge on a loan for the same time period.

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Compare the absorb of the subjoined leasing unison after a while the finance arraign on a advance for the selfselfsame era era.

The compensation of the car is $14,000, and its proposed residual esteem at the end of filthy years is $3,000.

Monthly acquittal$250

Capital absorb abatement $1,000

Disposition arraign $200

Other things life correspondent, one would omission to finance this car rather than assume this lease if the finance absorb were near than

2,200

2,450

200

1,550

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