A construction firm needs a new small loader. It canbe
Chapter , Problem 6-35(choose chapter or problem)
A construction firm needs a new small loader. It canbe leased from the dealer for 3 years for $5500 peryearincluding all maintenance,or it canbe purchasedfor $20,000.The firm expects the loaderto have a sal-vage value of $7000 after 7 years. The maintenancewill be $500 the first year and then it will increase by$300 each year. The firms interest rate is 12% per year. Compare the EUACs for leasing and buying theloader.
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