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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

3 A company supplies its marketing manager with a new car every three years. They can either buy the car out-right or lease it for the three year period. The new car will cost you 30000 but it will lose 20 per cent of its value immediately and 10 per cent per annum thereafter. Leasing the car will cost the company 300 per month. Based on costs alone, should the company buy or lease the car?
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