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2 Which is cheaper? Assume maintenance costs are identical and that money is worth 112 = 13.22 %. Buy a car for $28000 and after
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Which is cheaper? Assume maintenance costs are identical and that money is worth 112 = 13.22 %. Buy a car for $28000 and after 11 years trade it in for $1300. Find net present value. Lease a car for $2392 a seminualy payable at the end of each half-year for 11 years. Find net present value. What is cheaperStep by Step Solution
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