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By using Excel Solve this Problem Ithaca is considering a new $50,000 snowplow that a will save the city $600 per day of use compared

By using Excel Solve this Problem

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Ithaca is considering a new $50,000 snowplow that a will save the city $600 per day of use compared to the existing one. It should last 10 years and have a resale value of $2000. To obtain a 12% rate of return what is the minimum number of days per year on average it will have to be used. Contributed by D. P. Loucks, Cornell University

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