6 Matilda is buying a washing machine. She is considering buying a used one but isn't sure if it's a good idea. Neither a new one or a used one will have any scrap value at the end of its useful life. New Used 1 1 Purchase price = Useful life Matilda's MARR= $1,340 8 years 6% $510 3 years The lowest common multiple of lives is: Try Again What is the present worth of each alternative? New Try Again Used Try Again Which washing machine should Matilda buy? 7 If Matilda (from 26) planned to only own the washing machine for X years and could sell the new machine then for $Y, would this change her decision? I 1 X= Y= 3 years $1,150 What is the present worth of each alternative? New Try Again Used Try Again Which washing machine should Matilda buy