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1. Levelized cost, no discounting. What is the levelized cost per mile of bicycle travel. The bicycle costs $1000, lasts for 10 years and
1. Levelized cost, no discounting. What is the levelized cost per mile of bicycle travel. The bicycle costs $1000, lasts for 10 years and is ridden an average of 4 miles per day. The annual maintenance costs are $60/year. The discount rate is 0%.
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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
