Question: Please use the compound interest table instead of the formula to find Interest factors. Also please solve by hand and DO NOT use EXCEL 2.

Please use the compound interest table instead of the formula to find Interest factors.

Also please solve by hand and DO NOT use EXCEL Please use the compound interest table instead of the formula to

2. A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of $1,200 after the machine's useful life of 8 years. On the other hand, leasing requires an annual lease payment of $3,000. Assuming that the MARR is 15% and on the basis of the incremental internal rate of return analysis, which alternative should be chosen

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