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Home Q & A Board Science-Related Homework Help Mathematics
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waterman7833 waterman7833
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A year ago
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
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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gronk44gronk44
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A year ago
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waterman7833 Author
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A year ago
Correct Slight Smile TY
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Thank you, thank you, thank you!
jmendoza
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Thanks
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