Answer to Question #336319 in Civil and Environmental Engineering for Code_X_

Question

A firm considering the installation of an automatic data processing unit to handle some of its accounting operations. Machines for that purpose may be purchased for Php200,000 or maybe leased for Php80,000 for the first year and Php10,000 less every year now and then until the end of the 4th year. If money is worth 15%, is it advisable to rent or buy the machine?