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There is a choice to buy a car worth 528,000 with 100% financing at 499% APR for 60 month or leate at $450 per month.

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There is a choice to buy a car worth 528,000 with 100% financing at 499% APR for 60 month or leate at $450 per month. The car will nced maintenance in the 3rd year worth 5525 and $825 in the 4 th year. The car will have 35% residual value in the 5 th year. Sales tax on new car is 6% and reguired rate of retum ia 10%. Which option is better? Buying since IRR is 3.65% Leasing since IRR is 3.65% I.casing aince IRR is 9.29\% Buying, since IRR is 9,29% A. Clck Submit to complece the acsessment

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