Corporate Finance Assignment/ Professional Essay Writers
May 9th, 2020
You need a truck, which you can either buy or lease. You can buy the truck for $45,000 and sell it after 6 years for $8,000. What is the maximum amount that you would pay per year to lease rather than to buy if the discount rate is 8 percent per year? Assume that the lease payments are annual and payable at the beginning of each year. Get Finance Help Today