A college student has been looking for a new tires. The student feels that the warranty period is a good estimate of the tire life and that 10% interest rate is appropriate. Given 4 options find the minimum Equivalent UniformMonthlyCost. (Note: the student wants to buy 4 tires)

Hint use i/12 for computing the monthly costs.

Warranty time (months) 12 , 24, 36, 48

Tire price (all 4 tires) 33, 53, 69, 95