Problem
Two companies have been asked to submit bids for a specific lab instrument. Each bid is listed below with the cost of the instrument, installation, and monthly reagent costs. How long would it take for Company A and Company B to be equal in overall costs?
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Instrument A
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Instrument B
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Cost of Instrument
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$10,000
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$8,500
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Installation Cost
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$1,000
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$1,250
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Reagent Cost (Per month)
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$600
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$675
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