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Lease Vs Buy Your landscaping company can lease a truck for $7,850.00 a year for 10 years. It can instead buy the truck for $41,471.22.

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Lease Vs Buy Your landscaping company can lease a truck for $7,850.00 a year for 10 years. It can instead buy the truck for $41,471.22. The truck will be valueless after 10 years. a. What is the present value of the lease payments. If the interest rate your company can earn on its funds IS 12.00%. (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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