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Radda [10]
3 years ago
11

I have the following options: A) I can lease a car for $500 per month with an additional upfront payment of $200. The lease term

is for 3 years. Given the terms of this agreement, the implied APR of this payment schedule is 5%. B) Purchase the car today for $23,500. I can sell the equipment at the end of the period for $7,500. Assume the appropriate APR is 5%, and I want to discount on a monthly basis.
Business
1 answer:
Nataliya [291]3 years ago
8 0

Answer:

The Answer Is A Because You Spent Less Money But Dont Get Any Back.

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