Exam Question

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dsharma06
Posts: 10
Joined: Mon Feb 27, 2017 1:02 pm

Exam Question

Postby dsharma06 Thu Jul 20, 2017 4:02 pm

Hi Manish

Can we get these kind of questions in exam?

A machine required in a construction project costs $5,000 to buy and $300 per month in loan payments. The same machine can be leased for $1,000 cash at one time and $400 a month. What is the maximum number of months you can lease the machine before leasing becomes less economical than buying?



60

40

50

70

Thanks
Deepak
nazrulq
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Location: Canada

Re: Exam Question

Postby nazrulq Thu Jul 20, 2017 10:59 pm

Before lease will be less Economical than buy, Lease Cost =Buy Cost

Say total no of months when the costs are the same are M

1000+ 400M = 5000 + 300M
or, 400M-300M = 5000-1000
or, 100M = 4000

therefore, M = 40 months

Hopefully, that answers the requirement.
dsharma06
Posts: 10
Joined: Mon Feb 27, 2017 1:02 pm

Re: Exam Question

Postby dsharma06 Fri Jul 21, 2017 10:46 am

Thanks Nazrulz. Can we get this kind of questions in exam? Is it from procurement chapter?
manishpn
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Re: Exam Question

Postby manishpn Fri Jul 21, 2017 4:40 pm

yes you can get such questions in exam ,
Br,
Manish P
PMP, PMI - ACP, SAFe Agilist
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