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Lisa was offered two options for a car she was purchasing: - Lease option: Pay lease amounts of $550 at the beginning of every month

Lisa was offered two options for a car she was purchasing: - Lease option: Pay lease amounts of $550 at the beginning of every month for 6 years. At the the end of 6 years, purchase the car for $13,500. - Buy option: Purchase the car immediately for $27,000. The money is worth 5.90% compounded monthly. a. What is the Discounted Cash Flow (DCF) for the lease option

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