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Title: A new wine company can lease a storefront or purchase a small building. The lease will cost $1,700 ... Post by: Kiyaa on Jun 25, 2023 A new wine company can lease a storefront or purchase a small building. The lease will cost $1,700 per month and run for ten years. The alternative is to purchase a building by taking out a loan for the full amount and making payments of $2,200 per month. The future value of the storefront is estimated to $575,000, when they relocate after ten years. Should the company purchase of lease and what will be the savings if money costs 2.5% compounded annually?
▸ Leasing can save $34,548 ▸ Purchasing can save $34,548 ▸ Leasing can save $32,981 ▸ Purchasing can save $32,981 ▸ Leasing can save $36,548 Title: Re: A new wine company can lease a storefront or purchase a small building. The lease will cost $1,700 ... Post by: carolyne254 on Jun 25, 2023 Content hidden
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