Susan is considering buying a 2011 Smart ForTwo costing $21,635 and finds that the retaining values of the vehicle over next five years are as follows Percent of the total value retained after 36 months 28 Percent of the total value retained after 60 months 17 If her interest rate is 6 compounded a...

Susan is considering buying a 2011 Smart ForTwo costing $21,635 and finds that the retaining values of

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Susan is considering buying a 2011 Smart ForTwo costing $21,635 and finds that the retaining values of the vehicle over next five years are as follows:

Percent of the total value retained after 36 months: 28%
Percent of the total value retained after 60 months: 17%

If her interest rate is 6% compounded annually, what is the ownership cost of the vehicle over three years? five years?

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 17, 2018 12:28 PM

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Susan is considering buying a 2011 Smart ForTwo costing $21,635 and finds that the retaining values of

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Fundamentals of Engineering Economics

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