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Your friend isn't sure if she should lease or buy a car and has as your help deciding, The car be purchased today at a

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Your friend isn't sure if she should lease or buy a car and has as your help deciding, The car be purchased today at a cost of $45,000, or it can be le or $950 per month for 4 years. Which option should she choose if the interest rate on the lease is 5% APR compounded monthly? a. Buy because leasing will cost $45,600 over 4 years so it's cheaper to spend $45,000 today. b. Lease because the present value of the lease is lower than the cost of the car. c. She should be indifferent since the two cost the same. d. You need more information to choose the best option

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