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You have to buy a new copier. The cost of the copier is, $1925, plus$390 per year in maintenance costs. The copier will last for five years. Alternatively a local company offers to lease teh copier to you and do the maintenance as well. If your discount rate of 5.9%, what is the most you would be willing to pay per year to lease the coper (first lease payment is due in one year)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92412232

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