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Buzzgreen Landscaping is considering buying a truck for $60,000 cash. The dealer has offered a lease option, in which the company can make 8 annual
Buzzgreen Landscaping is considering buying a truck for $60,000 cash. The dealer has offered a lease option, in which the company can make 8 annual payments of $10,100 at year end, at a cost of 8%, to pay off the truck. Which option is better? Purchase price of truck: PV of cost of 7 year lease: Which option is better? (Lease or Buy)
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