Problem 2 (7 pts): Which of the two options is the best to acquire trucks for your company (interest rate is 10% per yea

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Problem 2 7 Pts Which Of The Two Options Is The Best To Acquire Trucks For Your Company Interest Rate Is 10 Per Yea 1 (16.43 KiB) Viewed 46 times

Problem 2 (7 pts): Which of the two options is the best to acquire trucks for your company (interest rate is 10% per year). Show all your calculations including end values using correct units. Option 1: Purchase for $21,500 and after 5 years sell for $8,000 Option 2: Purchase the trucks with a time payment plan: Down payment $6,000; $3,500/year at the end of the year for 4 years; Assume you can sell the trucks after 5 years for $6,000 each a