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5. (20%) (Buy or Lease) You can buy a car for $25,000 and sell it in 5 years for $5,000. Or you can lease the

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5. (20\%) (Buy or Lease) You can buy a car for $25,000 and sell it in 5 years for $5,000. Or you can lease the car for 5 years for $5,000 a year. The discount rate is 4% per year. a. Which option do you prefer, why? b. What is the max amount you are willing to pay to lease per year instead of buying the car? c. If the lease payment is $5,000 per year, what is the maximum purchasing price so that you still prefer to buy than lease

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