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Business, 07.03.2020 03:35 solikhalifeoy3j1r

Jim's1998 minivan only averages 20 miles per gallon. He has found a somewhat newer vehicle that averages 26 mpg. He can sell his current minivan for $2800 and purchase the newer vehicle for $4,000. A) Assuming cost of gasoline at $4.00 per gallon, how many miles per year must Jim drive if he wants to recover his investment in three years? Assume an interest rate of 6%, zero salvage value for either vehicle after three years, and identical maintenance cost. B) Considering

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