Solution-Justify the extra investment

Justify the extra investment

Reference no: EM131049383

Spending $1,500 more today for a hybrid engine rather than a gasoline engine will result in annual fuel savings of $300. How many years must this savings continue in order to justify the extra investment if money is worth 10% per year, compounded annually?

Reference no: EM131049383

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Justify the extra investment

Reference no: EM131049383

Reference no: EM131049383

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