Q465. A used car costs 10,000. A comparable new car costs 20,000. Owners of new cars can expect to pay nothing per year in maintenance for ten years. Owners of used cars pay $1000 per year in maintenance. How do the costs compare over ten years? Assume a 7% discount rate.
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Difference Equations DE01 notation | DE02 text2eqns | DE03 pn+1 chart | DE04 excel | DE05 de-and-etc | DE06 caveats |
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