A Project manager of a project with a time line of 29 months is trying to decide the feasible alternative of buying a machine that cost $110,000 besides $900/ month to maintain or leasing that machine with $3500 / month and $20000 down payment. Which alternative should he use? How many months that machine should operate to be a feasible buying choice? choice? a. Lease, 20 months b. Lease, 24 months c. Lease, 34 months d. Buy, 20 months e. Buy, 24 months f. Buy, 34 months g. Buy it Show your calculations behind the Lease or Buy decision

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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A Project manager of a project with a time line of 29 months is trying to decide the feasible alternative of buying a machine that cost $110,000 besides $900/ month to maintain or leasing that machine with $3500 / month and $20000 down payment. Which alternative should he use? How many months that machine should operate to be a feasible buying choice? choice? a. Lease, 20 months b. Lease, 24 months c. Lease, 34 months d. Buy, 20 months e. Buy, 24 months f. Buy, 34 months g. Buy it Show your calculations behind the Lease or Buy decision   

 

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