A dealer offers to lease a system to you for $120 per month for six years. At the end of six years, you have the option to buy the system for $800. You will pay at the beginning of each quarter. He will sell the same system to you for $2,100 cash. If the going interest rate is 11%, which is the better offer?

Answer rating: 100% (QA)

The monthly payment is 120 The quarterly payment made will be 1... View the full answer