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Business, 21.04.2020 15:51 angeisthe72
You are trying to decide whether to lease a car for four years or buy a new car now and sell it for four years later. The annual lease payment would be $6,300 with payments made at the beginning of each year. The new car price is $47,000 now. Four years later, you are expected to sell the car for $33,000. The appropriate discount rate for this project is 7.2%. Should you buy or lease? Use the present value comparison method. Do on excel please!
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