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please name the formula and write complete both sides of formula used. show each step in detail. 1. A firm can lease office furniture for
please name the formula and write complete both sides of formula used. show each step in detail.
1. A firm can lease office furniture for 5 years for $10000 per year or it can purchase the furniture for $70000 outright. which is a better choice if the firm can invest its money at 10% annual interest rate? (assumed the furniture will have no remaining value at the end of the 5 years)
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