Y5

You need to purchase new tires for the SUV that was willed to you by your favorite aunt. The all-season light truck tires cost $94 each and are expected to last 30,000 miles. The premium brand on-off-road light truck tires cost $125 each, Assuming you drive 10,000 miles per year, how many years will the premium tires have to last for them to be as economically attractive as the all-season tires at an interest rate of 10% per year? Use factors and a spreadsheet function to find the breakeven point. The premium tires will have to last for years, and the spreadsheet function to find the breakeven point is [Click to Select) =NPER(10%.,-125,94) =NPER(10%,-94,125) =NPER(10%%,,-94,125) =NPER(10%,94.,-125)