Question
A computational engineer needs a workstation for programming, and notices that he can pay $4000 for a Dell Precision Workstation, or lease from the supplier
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A computational engineer needs a workstation for programming, and notices that he can pay $4000 for a Dell Precision Workstation, or lease from the supplier for monthly payments of $100 each for five years (paid at the end of each month). The engineer can borrow at an interest rate of 12% APR compounded monthly. Answer the following 2 questions.
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a) Draw the timeline for leasing the workstation. 2
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b) What is the cost of leasing the workstation over buying it outright?
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Finance And Sustainability Proceedings From The Finance And Sustainability Conference Wroclaw 2017
Authors: Agnieszka Bem, Karolina Daszy?ska-?ygad?o , Ta?ána Hajdíková, Péter Juhász
1st Edition
3319922270,3319922289
