A college student has been looking for new tires andhas
Chapter , Problem 6-57(choose chapter or problem)
A college student has been looking for new tires andhas found the following alternatives:Tire Warranty(months) Price per Tire12 $39.9524 59.9536 69.9548 90.00The student feels that the warranty period is a goodestimate of the tire life and that a 10% interest rateis appropriate. Using an annual cash flow analysis,which tire should be purchased?
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