An engineering practitioner can lease a fully equipped computer and color printer system for $800 per month
Question:
An engineering practitioner can lease a fully equipped computer and color printer system for $800 per month or purchase one for $8500 now and pay a $75 per month maintenance fee. If the nominal interest rate is 15% per year, determine the months of use necessary for the two to break even. Show both
(a) Hand
(b) Spreadsheet solutions.
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a Solve the relation AW lease AW buy 0 for N number of months Monthly i ...View the full answer
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