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40,000 = 5000 + 2500m
Solve for m.
Solve for m.
Let's break down the cost of renting the computer:
Non-refundable deposits: $5000
Monthly payments: $2500
The monthly payments will be made over a certain number of months until the rental cost equals the purchase price of $40,000.
To find this, we can set up an equation:
$5000 + ($2500 x number of months) = $40,000
Now, let's solve for the number of months:
$2500 x number of months = $40,000 - $5000
$2500 x number of months = $35,000
Dividing both sides of the equation by $2500:
number of months = $35,000 / $2500
number of months = 14
Therefore, after 14 months, the cost to rent the computer will equal the cost to purchase it.