Present Value Assignment | Homework For You
March 18th, 2020
Lease Vs Buy Your landscaping company can lease a truck for $7,850.00 a year for 10 years. It can instead buy the truck for $41,471.22. The truck will be valueless after 10 years.
a. What is the present value of the lease payments. If the interest rate your company can earn on its funds IS 12.00%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
b. Is it cheaper to buy or lease? buy lease. Get Finance homework help today