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A young graduate is trying to decide whether to lease or buy a car for the next three years. The cash flows for each choice
A young graduate is trying to decide whether to lease or buy a car for the next three years. The cash flows for each choice are shown below. (We will ignore gas, insurance, and tag fees.) Attempts Remaining: Infinity The graduate has a personal discount rate of 6.00%. What is the NPV of leasing the car for three years? (HINT: Answer will be a NEGATIVE number) Answer format: Currency: Round to: 2 decimal places
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