A computer manufacturing company is trying to decide whether to purchase specialized assembly equipment today or wait 12
Posted: Sun May 29, 2022 8:06 pm
A computer manufacturing company is trying to decide whether to
purchase specialized assembly equipment
today or wait 12 years from now when the equipment will be first
needed.
If you were to purchase the equipment today, it would cost
$859,000
12 years from now the equipment will cost $1,589,150
The bank is paying 9.00% interest per year, compounded
monthly.
Should you buy the equipment now or wait 12 years to buy it?
purchase specialized assembly equipment
today or wait 12 years from now when the equipment will be first
needed.
If you were to purchase the equipment today, it would cost
$859,000
12 years from now the equipment will cost $1,589,150
The bank is paying 9.00% interest per year, compounded
monthly.
Should you buy the equipment now or wait 12 years to buy it?