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Question 2 (of 4) Save & Exit Submit 2. value: 1.00 points Your landscaping company can lease a truck for $7,100.00 a year for 5
Question 2 (of 4) Save & Exit Submit 2. value: 1.00 points Your landscaping company can lease a truck for $7,100.00 a year for 5 years. It can instead buy the truck for $25,870.23. The truck will be valueless after 5 years. a. What is the present value of the lease payments, If the interest rate your company can earn on its funds is 6.00%. (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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