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Deutsche Transport can lease a truck for four years at a cost of 4 1 , 0 0 0 annually. It can instead buy a
Deutsche Transport can lease a truck for four years at a cost of annually. It can instead buy a truck at a cost of with annual maintenance expenses of The truck will be sold at the end of four years for Ignore taxes.
a What is the equivalent annual cost of buying and maintaining the truck if the discount rate is
Note: Do not round intermediate calculations. Enter your answer in euros. Round your answer to the nearest whole number.
b Which is the better option: leasing or buying?
tablea Equivalent annual cost,b Better option,Leasing
Leasing is the correct option but I cant figure out what the EAC is
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