How much will the company owe on the equipment

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Reference no: EM13190395

a company leases office equipment with an original of $18,000.00 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?

Reference no: EM13190395

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