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You have to buy a new copier. The cost of the copier is $2,000?, plus $...

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Finance

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

?(Select the best choice? below.)

A. The most you would be willing to pay per year to lease thecopier is $ 3,684.95.

B. The most you would be willing to pay per year to lease thecopier is $ 874.79.

C. The most you would be willing to pay per year to lease thecopier is $ 400.

D. The most you would be willing to pay per year to lease thecopier is $ 2,000.

Answer & Explanation Solved by verified expert
4.4 Ratings (839 Votes)
Solution Answer is B The most you would be willing to pay per year to lease the copier is 87479 Working Notes The most willing to pay per year to lease the copier is    See Answer
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