Question: You are considering whether to lease or purchase an equipment outright, the lease contract details are as follows: Lease: Jerm: 5 years, monthly payments Zero

You are considering whether to lease or purchase an equipment outright, the lease contract details are as follows: Lease: Jerm: 5 years, monthly payments Zero Downpayment Lease Buyout Option at the end of 5 years, $ 10,000 Interest Rate: 3.96% Annually Monthly Payments: $768.94 What is the maximum amount you would pay to purchase the equipment instead of leasing?

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