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An business development executive travels extensively for business. Her company offers two options to offset her driving expenses. Option 1 provides a car allowance of 490 dollars per month and a mileage reimbursement of $0.34/mile for fuel, insurance, and maintenance costs. Option 2 provides a mileage reimbursement of $0.73/mile to cover all expenses associated with owning a car. How many miles would she have to drive each YEAR for the two options to be of equal value. Express your answer in miles to the nearest whole mile.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91704965

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