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

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 using

(a) tabulated factors, and

(b) a singlecell spreadsheet function.

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