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Zachary was offered two options for a car he was purchasing: Lease option: Pay lease amounts of $350 at the beginning of every month for
Zachary was offered two options for a car he was purchasing: Lease option: Pay lease amounts of $350 at the beginning of every month for 5 years. At the the end of 5 years, purchase the car for $11,000. Buy option: Purchase the car immediately for $20,000. The money is worth 6.80% compounded monthly. a. What is the Discounted Cash Flow (DCF) for the lease option
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