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Problem # 6 Roger Grasshopper is planning to purchase a new environmentally friendly lawn mower. There will be no maintenance cost during the first three
Problem # 6 Roger Grasshopper is planning to purchase a new environmentally friendly lawn mower. There will be no maintenance cost during the first three years because the mower is sold with 3 years free maintenance. For the fourth year, the maintenance is estimated at $200. In subsequent years, the maintenance cost will increase by $100 per year. a) How much would bee to be set aside now at 8% interest to pay the maintenance costs on the mower for the first 10 years of ownership? (10 points) b) What are the technical and environmental advantages and disadvantages of electric powered lawn mowers? (10 points) A detail discussion is required for this segment Problem # 6 Roger Grasshopper is planning to purchase a new environmentally friendly lawn mower. There will be no maintenance cost during the first three years because the mower is sold with 3 years free maintenance. For the fourth year, the maintenance is estimated at $200. In subsequent years, the maintenance cost will increase by $100 per year. a) How much would bee to be set aside now at 8% interest to pay the maintenance costs on the mower for the first 10 years of ownership? (10 points) b) What are the technical and environmental advantages and disadvantages of electric powered lawn mowers? (10 points) A detail discussion is required for this segment
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