(Answered) Spending 1500 more today for a hybrid engine rather than a

Economics

Spending $1,500 more today for a hybrid engine rather than a gasoline engine will result in annual fuel savings of $300. How many years must this savings continue in order to justify the extra investment if money is worth 10% per year, compounded annually?

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Macroeconomics, Economics

Category:- Macroeconomics
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