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Problem # 3 Over a 12 year period at an interest rate of 11.15%, which is the better plan to select for a piece of
Problem # 3 Over a 12 year period at an interest rate of 11.15%, which is the better plan to select for a piece of equipment? (6 pts) Plan A: To outright purchase the unit for $48,000 Plan B: Lease the equipment for $4,000 per year (withdrawn from the account on an annual basis)
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