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A company offers to lease a system to you for $180 per month for five years. At the end of five years, you have the
A company offers to lease a system to you for $180 per month for five years. At the end of five years, you have the option to buy the system for $600. You will pay at the end of each month. He will sell the same system to you for $3,700 cash. If the going interest rate is 9%, which is the better offer?
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