What is the most you would be willing to pay per year to


You have to buy a new copier. The cost of the copier is, $1925, plus$390 per year in maintenance costs. The copier will last for five years. Alternatively a local company offers to lease teh copier to you and do the maintenance as well. If your discount rate of 5.9%, what is the most you would be willing to pay per year to lease the coper (first lease payment is due in one year)?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the most you would be willing to pay per year to
Reference No:- TGS02399061

Expected delivery within 24 Hours