An independent over-the-road (OTR) truck driverownerpaid
Chapter 13, Problem 13.4(choose chapter or problem)
An independent over-the-road (OTR) truck driverownerpaid $68,000 for a used tractor-trailer. The salvage value of the rig after 5 more years of use isexpected to be $36,000. The operating cost is$0.50 per mile and the base mileage rate (i.e., revenue)is $0.61 per mile.(a) How many miles per year must the ownerdrive just to break even at an interest rate of10% per year?(b) If the owner drives 600 miles per day, howmany days per year will be required for breakeven?
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