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you have to get a new copier. BuyNow.com sells copiers that last for 5 years, during which you get free maintenance, at a price of
you have to get a new copier. BuyNow.com sells copiers that last for 5 years, during which you get free maintenance, at a price of $2000. Alternatively, Lease Co. a local company offers to lease the copier to you and do the maintenance as well. The lease is to $500 the first year and the cost grows by 2% per year (your first lease payment is due in one year). If your discount rate is 7% per year, what company should you go with
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