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Your landscaping company can lease a truck for $7,600 a year (paid all year and) for 6 years. It can instead buy the truck for

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Your landscaping company can lease a truck for $7,600 a year (paid all year and) for 6 years. It can instead buy the truck for $38,000. The truck will be valueless after 6 years. The interest rate your company can earn on its funds is 7%. a. What is the cost of leasing? b. Is it cheaper to buy or lease? Buy Lease

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