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(Quantitative Question - Show Work including a Timeline) You have to buy a new copier. The cost of the copier is $2,200, plus $400 per
(Quantitative Question - Show Work including a Timeline) You have to buy a new copier. The cost of the copier is $2,200, plus $400 per year in maintenance costs. The copier will last 5 years. Alternatively, a local company offers to lease the copier to you and do the maintenance as well. If your discount rate is 6% and your first lease payment is due in one year: The most you would be willing to pay per year (in dollars) to lease the copier is: $ (Round your answer to the nearest cent.) (Quantitative Question - Show Work including a Timeline) You have to buy a new copier. The cost of the copier is $2,200, plus $400 per year in maintenance costs. The copier will last 5 years. Alternatively, a local company offers to lease the copier to you and do the maintenance as well. If your discount rate is 6% and your first lease payment is due in one year: The most you would be willing to pay per year (in dollars) to lease the copier is: $ (Round your answer to the nearest cent.)
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