An company buys a color printer that will cost $18,000 to buy, and last 5 years. It is assumed that it will require servicing costing $500 each year. What is the equivalent annual annuity of this deal, given a cost of capital of 12%?

Question 4 options:

1)

-$3983

2)

-$4002

3)

-$4957

4)

-$5493