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April 24, 2014

Homework Help: math

Posted by lyric on Wednesday, October 10, 2007 at 11:21am.

You are the office manager for Dr. Rogers. The increasing
cost of making photocopies is a concern to Dr. Rogers. She wants to examine
alternatives to the current financing plan. The office currently leases a copy
machine for $110 per month and pays $0.025 per copy. A 3-year payment plan is
available that costs $125 per month and $0.015 per copy.

(a) If the office expects to run 100,000 copies per year, which is the better plan?

(b) How much money will the better plan save over the other plan?

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