(Answered) A sales group is considering two cars for lease option 1

Finance

A sales group is considering two cars for lease Option 1 Buick First cost 22,000 annual operating cost of 2,000 Salvage value after 3 years 12,000 Option 2 - Toyota First cost 26,000 Annual operating cost of 1200 salvage value after 3 years 15,000 At 15% interest what is the present cost of the Toyota.

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