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Title: Beaver Mountain Buses needs an additional bus for three years to replace the Greyhound bus service ... Post by: waterman7833 on Jun 25, 2023 Beaver Mountain Buses needs an additional bus for three years to replace the Greyhound bus service that was discontinued. It can lease a bus for $3,000 payable at the beginning of each month, or it can buy a similar bus for $140,000, using financing at the rate of 9.5% compounded monthly. The bus's resale value after three years is expected to be $40,000. On strictly financial considerations, should the company lease or buy the bus and what is the financial advantage in current dollars of the preferred choice?
▸ Purchasing can save $15,491 ▸ Leasing can save $17,491 ▸ Leasing can save $15,491 ▸ Purchasing can save $17,491 ▸ Leasing can save $18,762 Title: Re: Beaver Mountain Buses needs an additional bus for three years to replace the Greyhound bus service ... Post by: gronk44 on Jun 25, 2023 Content hidden
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