(3) Suppose you have purchased ten new cars 5 years ago at 1200000. The cars needed 50000 to maintain annual basis. At the end of 3rd year 100000 was extra was spent for air condition set up. Now suppose you want to sell at 1100000 and you are receiving rent amount of 100000 per year at the beginning of each year from the cars. Evaluate your investment on cars by Annual Equivalent (Annual Worth AW) AE method when MARR is 12%

(3) Suppose you have purchased ten new cars 5 years ago at 1200000. The cars needed 50000 to maintain annual basis. At the end of 3rd year 100000 was extra was spent for air condition set up. Now suppose you want to sell at 1100000 and you are receiving rent amount of 100000 per year at the beginning of each year from the cars. Evaluate your investment on cars by Annual Equivalent (Annual Worth AW) AE method when MARR is 12%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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