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Question - Jordan, an office administrator, is evaluating the following quotation that he received for the purchase of a printer for his office:
Lease Option: Make payments of $85 at the beginning of every month for 3 years. At the end of 3 years, make the final payment of $500.
Purchase Option: Make a payment of $3,300 immediately.
Please note that my question relates to Mathematics of Business and Finance.
a. What is the present value of the lease option if money is worth 6.3% compounded semi-annually?
b. Which option would be economically better?
i. Purchase Option
ii. Lease Option
c. What is the present value of the lease option if money is worth 8.7% compounded semi-annually?
d. Which option would be economically better?
i) Purchase Option
ii) Lease Option
Accounting Financial ACC701 - Discuss the ethics and governance in explaining the companys financial stress
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