Commit to buy a vacation home in the climate of your choice, rent the home out when you are not using it, or sign a five-year lease for the home for the two months a year you plan on using it.
Using net present value calculations, determine which has a higher ROI Buying a Chevrolet Impala today for $30,000, putting $15,000 down and taking a six-year loan for the rest at 5% or Leasing the Impala for 4 years at $329 a month. Since $4000 is due when the lease is signed, the rate will equal … Read more