Question
A $2500 computer system can be leased for $79 per month for 3years. After 3years it can be purchased for $750. This is also the
A $2500 computer system can be leased for $79 per month for 3years. After 3years it can be purchased for $750. This is also the salvage value if the system was purchased originally. what is the effective annual rate for leasing the computer?
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
