Buying or renting a copier

As an office manager, you want to choose from buying a copier or renting one. You can buy one for $7000 with a fee of $30 a month or rent a copier machine for $100 per month. The cost of copying if you own one is 4 cents per copy and when you rent it, the cost is 8 cents per copy. You estimate that make 5000 copies per month.

Find a formula for the cost of copying when you own the machine by using the number of months as independent variable.
Find a formula for the cost of copying when you rent the machine where the number of months is represented by x.
Find the cost for each option for each year of the first 5 years.
Suppose you want to keep the copier machine for 8 years; which option is better for you? What about if you want to keep the same machine for 10 years?
After how many months would the cost of both options be the same?
Identify the number of months where neither owning or renting the machine holds a cost of ownership advantage.
What effect would the cost per copy have on cost of ownership? Graph or show hand calculations.
If you can sell the copier for 40% of its value at any time, how does the analysis change? Graph or show hand calculations.
Requirements:

Your paper should be 2 pages in length (not counting the title page and references page) and cite and integrate at least one credible outside source. The CSU-Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.
Include a title page, introduction, body, conclusion, and a reference page.
The introduction should describe or summarize the topic or problem. It might discuss the general applications of the topic or it might introduce the unique terminology associated with the topic.
The body of your paper should address the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.
The conclusion should summarize your thoughts about what you have determined from your analysis in completing the assignment. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs.
Include any tables of data or calculations, calculated values, and/or graphs referenced in the paper. (Note: The minimum required length excludes any tables, graphs, etc.)
Document formatting, citations, and style should conform to APA style and examples can be found in the following links:
Citing and APA Resources (Links to an external site.): document formatting, citations, and style
New Sample APA Paper (Links to an external site.): A short summary containing much that you need to know about paper formatting, citations, and references
CSU-Global Writing Center (Links to an external site.): many helpful areas, such as: Writing Center, Writing Tips, Template & Examples/Papers & Essays, and others