How many kilometers must a car be driven per year for, Ask an Expert

Economics

How many kilometers must a car be driven per year for leasing and buying to cost the same? Use 10% interest and year-end cost. Leasing: $0.20 per kilometer Buying: $5000 purchase cost, 3-year life, salvage $1200, $0.04 per kilometer for gas and oil, $500 per year for insurance.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870290

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