considering to purchase a car at the cost of Rs1,500,000. The car has life of 5 years and no residual value. He has another option to lease the car from Azhar Rent a Car Co. at the yearly fixed rent of Rs250,000. The cost of capital is 18%. Being a financial manager please advise him which option is financially more beneficial to him. It may assumed that car is required only for commutation to and from the office. Differential between annuity and perpetuity.