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3 A company supplies its marketing manager with a new car every three years. They can either buy the car out - right or lease
A company supplies its marketing manager with a new car every three years. They can either buy the car outright or lease it for the three year period. The new car will cost you but it will lose per cent of its value immediately and per cent per annum thereafter. Leasing the car will cost the company per month. Based on costs alone, should the company buy or lease the car?
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