Question: 1. You are considering either buying a computer or leasing one @ $725 per year (paid at the beginning of the year) for 3 years.

1. You are considering either buying a computer or leasing one @ $725 per year (paid at the beginning of the year) for 3 years. The current value of the computer is $2,000. You dont have that much cash but you can get a loan for 8%. Which would cost less, buying or leasing? (Must show a solution to receive full credit.)

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