31) Molly needs to decide whether to buy a water heater for S2200 cash and enter a service contract requiring a payment of S30 at the end of every 3 months for 10 years or to enter a 10 years lease requiring a payment of $90 at the beginning of every 3 months. If the leased water heater can be bought after 10 years for $80, should Molly buy or lease the water heater, if money is compounded quarterly at 2.5%? Present value of decision to buy the water heater = $3258,85 Present value for the decision to lease = $3258.74 Present value of decision to buy the water heater - $4258.85 Present value for the decision to lease = $3258.74 Present value of decision to buy the water heater = $3358.85 Present value for the decision to lease = $3558.74 Present value of decision to buy the water heater = $3058.85 Present value for the decision to lease = $3258.74