I am a commercial photographer and I have just invested €36,000 in new digital equipment.
I want to pay for this equipment over three years ( I will probably have to upgrade it then) and I am wondering what I should take into account in terms of return on investment over that period?
The equipment will be paid for with money at 8% and let's assume a 5% rate of inflation.
Assuming that the equipment will be used two days per week during that three year period, how much should I be charging for the use of it on each of those days, based on the above figures?
I hope this makes sense! ;-)
Need any other info, just ask.
Thanks.
D.