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any help is appreciated! will thumbs up! 4. value: 1.25 points Lease Vs Buy Your landscaping company can lease a truck for $8,500.00 a year
any help is appreciated! will thumbs up!
4. value: 1.25 points Lease Vs Buy Your landscaping company can lease a truck for $8,500.00 a year for 6 years. It can instead buy the truck for $31,235.72. The truck will be valueless after 6 years. a. What is the present value of the lease payments. If the interest rate your company can earn on its funds is 14.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Is it cheaper to buy or lease? . buy leaseStep by Step Solution
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