A computer dealer offers to lease a system to you for 50


A computer dealer offers to lease a system to you for $50 per month for two years. At the end of two years, you have the option to buy the system for $500. You will pay at the end of each month. He will sell the same system to you now for $1,200 cash. If the going interest rate is 12%, which is the better offer? (note: this problem has two separate computation, for that reason, it is valued at 30 points with 10 pts bonus, don't read into it, just follow the facts and compute)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A computer dealer offers to lease a system to you for 50
Reference No:- TGS02244352

Expected delivery within 24 Hours