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Home Q & A Board Science-Related Homework Help Mathematics
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gewusel gewusel
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6 years ago
Dell Canada advertises a computer bundle including printer, router and home network attached storage for $2995. The same system bundle may be leased for 24 months at $130 per month, at the beginning of each month. At the end of the lease, the bundle may be purchased for 10% of its retail price. What is the economic cost of the lease or purchase in present value, if a two year loan can be obtained at 12% compounded annually to purchase the computer?
A) Lease is better by $48.64
B) Purchase is better by $48.64
C) Lease is better by $109.38
D) Purchase is better by $109.38
E) Both options are the same.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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6 years ago
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3 years ago
thankyou
Anonymous
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4 months ago
Help! The answer is missing an explanation...
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