Question: You are considering two options for a new digital printing machine. Option A will last you 3 years and will cost $12,000. Option B will

  1. You are considering two options for a new digital printing machine. Option A will last you 3 years and will cost $12,000. Option B will last 5 years and will cost $16,000. If you are planning to take a loan, at what interest rate would you be indifferent to the two options. (Hint: Use Goal Seek)

    A.

    31.15%
    B.

    8.65%
    C.

    18.01%
    D.

    9.50%

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