The lease cost to be the same as the purchase cost

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Reference no: EM131707852

Procurement-- You are trying to decide whether to lease or buy an item for your project. The daily lease cost is $120. To purchase the item, the investment cost is $1,000 and the daily maintenance cost is $20. How long will it take for the lease cost to be the same as the purchase cost?

Reference no: EM131707852

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