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You are looking at leasing a new computer versus buying it Bull Gates gives you the following options: Lease the computer for $110 per month

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You are looking at leasing a new computer versus buying it Bull Gates gives you the following options: Lease the computer for $110 per month for thirty months with the first payment coming one month from today. You would also have to pay $800 today and have the option of buying the computer for $800 at the end of the lease (30 months from now). Purchase the computer for $1, 600 down and borrow the remainder. The payments would be $75 per month for 48 months, starting one month from now. Purchase the computer with $0 down and make a payment of $2, 750 two years from now and another $2, 750 three years from now. The current rate on a computer loan is 6% (monthly)

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