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Home Q & A Board Science-Related Homework Help Mathematics
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lbsusugar lbsusugar
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9 months ago
A local school can purchase gym equipment for $17,000 or lease some equipment for five years. The lease has a front-end delivery and setup charge of $2,000 and regular payments of $1500 at the beginning of every quarter (including the first quarter). The equipment is expected to have $500 scrap value. Should the school lease or buy the equipment if it can borrow funds at 3.2% compounded annually and what is the current economic value of the savings with the lower-cost option?

▸ Leasing can save $13,293

▸ Purchasing can save $13,293

▸ Leasing can save $14,851

▸ Purchasing can save $15,231

▸ Leasing can save $15,293
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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munjojmunjoj
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9 months ago
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9 months ago
this is exactly what I needed
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This site is awesome
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