Using the following information, what is the cost to lease a car? • Security deposit $300 • Monthly lease payment $300 per month for a five-year lease
• Opportunity cost of security deposit 300 x loan period (in years) * 2% interest
• End-of-lease charges 500 Multiple Choice a. $18,530 b. $19,030
c. $18,560 d. $18,830
e. $18,000
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