The initial cost of buying a car is 6000. Over the years, its value depreciates and its
Question:
The initial cost of buying a car is £6000. Over the years, its value depreciates and its running costs increase, as shown in the table below.
Draw up a table showing
(a) The cumulative running cost after t years,
(b) The total cost (that is, running cost plus depreciation) after t years
(c) The average cost per year over t years. Estimate the optimal time to replace the car.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: