.A P2500 computer system can be leased for 79 per month for 3 years. After 3 years, it can be purchased for P750. This is also the salvage value if the system was purchased originally. What is the...


.A P2500 computer system can be leased for 79 per month for 3 years. After 3 years, it can be<br>purchased for P750. This is also the salvage value if the system was purchased originally. What is the<br>effective annual rate for leasing the computer?<br>

Extracted text: .A P2500 computer system can be leased for 79 per month for 3 years. After 3 years, it can be purchased for P750. This is also the salvage value if the system was purchased originally. What is the effective annual rate for leasing the computer?

Jun 07, 2022
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