An industrial imaging system can be purchased for $95,000. At the end of five years, this unit will have a salvage value of $40,000. Alternative, you can lease the machine for five years, with annual payments of $18,000 paid at the beginning of each of the five years. Assuming an APR of 12%, determine whether it is cheaper to buy or to lease the machine

Answer rating: 100% (QA)

Analyzing Purchase vs Lease Option for Industrial Imaging System Given Purchase cost 95000 Salvage v... View the full answer