Question: At a 10% interest rate, do you prefer to buy a phone for $100 or to rent the same phone for $10 a year? Does

At a 10% interest rate, do you prefer to buy a phone for $100 or to rent the same phone for $10 a year? Does your answer depend on how long you think the phone will last?

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At a 10% interest rate, do you prefer to buy a phone for $100 or to rent the same phone for $10 a year? Does your answer depend on how long you think the phone will last? M

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