Option 2: Evaluate buying a car vs leasing
Purchase a car for $28,988 with a 60 month loan at 3.9% interest rate or lease a car for $259 a month for 39 months.
Determine cash flows (include all relevant expenses/costs)
List and explain assumptions
Compute IRR, NPV, Payback, Discounted Payback to make decision
Conclusion: What decision did you make and why?
Assignment Requirements:
APA format must be followed
Written paper turned in VIA TurnItIn
Assignment length should be adequate to cover the topic but no less than 1000 words.