ECN437Costofownershipofacar

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

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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 
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Unformatted text preview: 5%, what is the net present value of owning and driving the car?...
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This note was uploaded on 04/03/2012 for the course ECN 437 taught by Professor Peterwilcoxen during the Spring '12 term at Syracuse.

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