finance-Your landscaping company can lease a truck

finance-Your landscaping company can lease a truck

finance-Your landscaping company can lease a truck

Your landscaping company can lease a truck for $7,000 a year for 5 years. It can instead buy the truck for $30,000. The truck will be valueless after 5 yeapart a)What is the present value of the lease payments, if the opportunity cost of capital is 6%. (Do not round intermediate calculations. Round your answer to 2 decimal places.)part b)Is it cheaper to buy or lease?

 

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