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Posted on Jul 15, 2024

An engineering firm can lease a measurement system for $ 1 , 0 0 0 per month or purchase one for $ 1 5 ,

An engineering firm can lease a measurement system for $

1, 000

per month or purchase one for $

15, 000 .

The leased system will have no monthly maintenance cost, but the purchased one will cost $

80

per month. At an interest rate of

0.5 %

per month, how many months must the system be required to breakeven?

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