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Mathematics, 08.09.2019 05:20 ErrorNameTaken505

you need a new computer. you are considering either leasing or putting the purchase on your credit card.
the terms of the lease agreement are $250 down and a monthly payment of $100 for 12 months, with an option to purchase for $300 at the end of the lease period.
if you buy the computer now and put the purchase on your credit card, your monthly payment would be $130.00, with the credit card interest rate of 18% compounded monthly.
what is the best option?  

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