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A tractor has a first cost of $40,000, a monthly op- erating cost of $1500, and a salvage value of $12,000 in 10 years. The
A tractor has a first cost of $40,000, a monthly op- erating cost of $1500, and a salvage value of $12,000 in 10 years. The MARR is 12% per year. An identical tractor can be rented for $3200 per month (operating cost not included). If n is the minimum number of months per year the tractor must be used in order to justify its purchase.determine the number of month for breakeven?
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