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August 13, 2009A company leases office equipment with an original price of $12,000 for $400 per month. The lease also has an option to buy. Fifty percent of the monthly lease price can be applied to the purchase price, up to 30% of the original sale price. If the company commits to purchase the equipment in less than 2 years, the original price will be reduced by 10%. How much will the company owe on the equipment if they buy it after 15 months?
$7,800
$10,800
$4,200
None of the above.
Definitely 7.8 thousand.
Paying $400 a month for 15 months would give you a total of $6000 for the lease. Now half of this ($3000) can be taken off of the original price of $12000, but first let’s take off the 10% for buying in the first 2 years- $10,800 is now the original price. And that $3000 taken off now would give you $7,800.
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Horaayy..there are 6 comment(s) for me so far ;)
i think around 7,800,
References :
10,800
References :
7.8K
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None of the above. (i think) =)
References :
Definitely 7.8 thousand.
Paying $400 a month for 15 months would give you a total of $6000 for the lease. Now half of this ($3000) can be taken off of the original price of $12000, but first let’s take off the 10% for buying in the first 2 years- $10,800 is now the original price. And that $3000 taken off now would give you $7,800.
References :
4,200
References :