Question
A truck is priced for rs. 60000 and running cost is estimated at rs. 6000 for each of first four years, increasing by rs. 2000
A truck is priced for rs. 60000 and running cost is estimated at rs. 6000 for each of first four years, increasing by rs. 2000 per year in the fifth and the subsequent years. If money is worth 10% per year when should truck will be replaced?
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Bayesian Data Analysis
Authors: Andrew Gelman, John B Carlin, Hal S Stern, David B Dunson, Aki Vehtari, Donald B Rubin
3rd Edition
1439898200, 9781439898208
