You are shopping for new tires for your car and find the, Ask an Expert

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You are shopping for new tires for your car and find the following choices: a Dunlop tire costs $40 but will last only a 1 year; a Pirelli tire costs $6 and will last 2 years: a Goodyear tire costs $80 and will last 3 years; and a Michelin tire costs $ 100 but will last 4 years. Which would you buy if your interest rate were 10%?

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Financial Management, Finance

Category:- Financial Management
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