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A firm can lease a truck for 9 years at a cost of $ 3 3 , 0 0 0 annually. It can instead buy

A firm can lease a truck for 9 years at a cost of $33,000 annually. It can instead buy a truck at a cost of $72,000, with annual maintenance expenses of $9,000. The truck will be sold at the end of 9 years for $17,000. The discount rate is 9.3%. Which is the effective annual annuity (EAA) of buying the truck?
A firm can lease a truck for 9 years at a cost of $33,000 annually. It can instead buy a truck at a cost of $72,000, with annual maintenance expenses of $9,000. The truck will be sold at the end of 9 years for $17,000. The discount rate is 9.3%. Which is the effective annual annuity (EAA) of buying the truck?
-117669.32
-25827.26
-33000
-19867.12

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