Question 2

Dundar Mifflin is considering the purchase of new printer and have narrowed down the possibilities to two models which perform equally well. However, the method of paying for the two models is different. Model A requires $8,000 per year payment for the next five years. Model B requires the following payment schedule. Which model should you buy assuming 12% rate? Please provide step by step if possible, greatly appreciated

Year	Payment (Model 2)
1	$10,000
2	9,000
3	8,000
4	5,000
5	3,000