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Business, 09.08.2019 16:10 hit89

Because of its age, your car costs $4,000 annually in maintenance expense. you could replace it with a newer vehicle costing $8,000. both vehicles would be expected to last 4 more years, at which point they will be valueless. if your opportunity cost is 8%, by how much must maintenance expense decrease on the newer vehicle to justify its purchase?

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