Question: 2. 76 points - Construction scaffolding can either be rented monthly for the term of a 2 year long project or bought and then resold

2. 76 points - Construction scaffolding can either be rented monthly for the term of a 2 year long project or bought and then resold immediately after the project is completed. The options are: a. Rent the scaffolding for $385/month, paid monthly at the end of each month for twenty-four months. b. Buy the scaffolding for $14,000 now and sell it in two years for $8,400. Assuming interest is compounded at 1 percent monthly, identify the least costly alternative

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