Compare the cost of the following leasing agreement with the finance charge on a loan for the same time period.The price of the car is $14,000,and its projected residual value at the end of four years is $3,000.

Other things being equal,one would want to finance this car rather than take this lease if the finance cost were less than
A) $200.
B) $1,550.
C) $2,200.
D) $2,450.
Correct Answer:
Verified
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