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A warehouse can be purchased for $90000 . After 20 years , the property will have residual value of $ 30000 . Alternatively , the

A warehouse can be purchased for $90000 . After 20 years , the property will have residual value of $ 30000 . Alternatively , the warehouse can be leased for 20 years at an annual rent of $10000 payable in advance . If money is worth 8 %, should the warehouse be purchased or leased?

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