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3. The company you intern for uses a laser printer and has a choice between two different types of toner cartridges. Type A (regular) lasts
3. The company you intern for uses a laser printer and has a choice between two different types of toner cartridges. Type A (regular) lasts 6,000 pages and costs $59.99 while type B (high capacity) lasts 9,000 and costs $99.99. The company prints about 3,000 pages per month. Use present worth analysis to decide which type the company should buy if it uses an interest rate of 12% (monthly compounding)? [2 points]
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