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Is Paying Over Time a Smart Move?: Activity 2 of 3

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Jack needs a computer to write cover letters and resumes. Should he lease or buy?

Jack sees this ad in the local paper:

Lease a laptop computer for only $53.99 a month.

No set up fees and no obligation to buy.

Minimum lease: 8 months.

Jack sees some computers for sale in a store. What price is cheaper than the total cost of the 8-month lease?
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