Business, 20.08.2019 21:10 brie7396

Aused car can be kept for two more years and then sold for an estimated value of $3000, or it can be sold now for $7500. the average annual maintenance cost over the past 7 years has been $500 per year. however, if the car is kept for two more years, this cost is expected to be $1800 the first year and $2000 the second year. as an alternative, a new car can be purchased for $22,000 and be used for 4 years, after which it will be sold for $8,000. the new car will be under warranty the first 4 years, and no extra maintenance cost will be incurred during those years. if the marr is 15% per year, what is the better option?

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Aused car can be kept for two more years and then sold for an estimated value of $3000, or it can be...

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