ECN437Costofownershipofacar - 5%, what is the net present...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ECN437 Cost of Ownership of a Car Suppose a car costs $20,000 in period 0, requires $1,000 of fuel in each of  years 1-5 and is sold at the end of year 5 for $12,000. If the interest rate is 
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 5%, what is the net present value of owning and driving the car?...
View Full Document

This note was uploaded on 04/03/2012 for the course ECN 437 taught by Professor Peterwilcoxen during the Spring '12 term at Syracuse.

Ask a homework question - tutors are online