Purchase Costs Leasing Costs Down payment$1,950 Security deposit$1,210 Loan payment$690 for 36 months Lease payment$550 for 36 months Estimated value at end of loan$5,100 End of lease charges$1,150 Opportunity cost interest rate 5 percent
Based on the above, calculate the costs of buying and of leasing a motor vehicle. (Round your answers to the nearest whole number.)