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Lease Vs Buy Your landscaping company can lease a truck for $7,700.00 a year for 9 years. It can instead buy the truck for $35,919.03.

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Lease Vs Buy Your landscaping company can lease a truck for $7,700.00 a year for 9 years. It can instead buy the truck for $35,919.03. The truck will be valueless after 9 years. a. What is the present value of the lease payments, If the interest rate your company can earn on its funds is 10.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Present value b. Is it cheaper to buy or lease? buy lease

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