Determine the beginning of month lease payment that would


A consulting engineer can lease a fully equipped computer and color printer system, or she can purchase one for $7520 now and pay a $50/month maintenance fee. She is planning to use the system for two years. If the interest rate is 12% compounded monthly, determine the beginning of month lease payment that would make her indifferent between leasing and buying.

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Financial Management: Determine the beginning of month lease payment that would
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