Business, 21.06.2020 02:57 jilliand2030

You have to buy a new copier. The cost of the copier is $ 2 comma 000, plus $ 400 per year in maintenance costs. The copier will last for five years. Alternatively a local company offers to lease the copier to you and do the maintenance as well. If your discount rate is 6 %, what is the most you would be willing to pay per year to lease the copier (your first lease payment is due in one year)?

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You have to buy a new copier. The cost of the copier is $ 2 comma 000, plus $ 400 per year in mainte...

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