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You have to buy a new copier. The cost of the copier is $1,850, plus $390 per year in maintenance costs. The copier will last
You have to buy a new copier. The cost of the copier is $1,850, plus $390 per year in maintenance costs. The copier will last for five years. Alternatively a local company offers to lease the copier to you and do the maintenance as well. If your discount rate is 6.1%, what is the most you would be willing to pay per year to lease the copier? (Your first lease payment is due in one year.) (Select the best choice below.) O A. The most you would be willing to pay per year to lease the copier is $1,850. B. The most you would be willing to pay per year to lease the copier is $390. C. The most you would be willing to pay per year to lease the copier is $830.38. OD. The most you would be willing to pay per year to lease the copier is $3,488.36
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