Mathematics, 18.10.2019 06:10, natalie2sheffield

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5. camille needs equipment for her job as an electrician. she has two options. she can either buy new
equipment that costs $7100. she will finance this cost through the vendor by making regular
monthly payments over 3 years at an interest rate of 7.1%, compounded monthly. at the end of 3
years, the equipment is worthless. she can also rent the equipment at a cost of $20 per day. she
only needs the equipment 5 days a week. what is the total cost to rent the equipment for 3 years?

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