A man had to have the muffler replaced on his2-year-old
Chapter , Problem 5-44(choose chapter or problem)
A man had to have the muffler replaced on his2-year-old car. The repairman offered two alterna-tives. For $300 he would install a muffler guaranteedfor 2 years. But for $400 he would install a mufflerguaranteed for as long as you own the car. Assum-ing the presentownerexpectsto keepthe carfor about3 more years, which muffler would you advise him tohave installedif youthought20%wasa suitableinter-est rate and the less expensivemuffler would only last2 years?
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