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A floral busiess requires a truck to ecxpand its business. Ot can wither lease for $800 dollars a month for 6 years or it can

image text in transcribed A floral busiess requires a truck to ecxpand its business. Ot can wither lease for $800 dollars a month for 6 years or it can buy the truck for $60000. The truck will be depreciated to zero value after 6 years. If the interest rate is 7% per annum is it cheaper to buy or lease

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