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Your research shows that the same equipment will cost $3,000 per month to lease with no initial investment. However, there is a maintenance contract that
Your research shows that the same equipment will cost $3,000 per month to lease with no initial investment. However, there is a maintenance contract that will cost an additional $150 per month. Create a table to show these expenses.
Year | Average Net Income | Lease + Maintenance ($3,000x12 + $150x12 = $37,000) | Net |
0 | 0 | 0 | 0 |
1 | $3,000 | $37,000 - $3,000 = | $31,000 |
2 | $7,000 | $31,000 + $37,000 - $7,000 = | $61,000 |
3 | $10,000 |
|
|
4 | $15,000 |
|
|
5 | $20,000 |
|
|
Total | $55,000 |
|
|
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