2 1 . You can purchase a truck today for $ 2 5 , 0 0 0...

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Question:

21 .

You can purchase a truck today for $

25, 000 .

This truck provides benefits equal to $

2, 300

a year and has a life span of

10

years. These trucks are expected to decrease in price by

15 %

per year. Suppose the discount rate is

11 % .

Should you purchase the truck today or wait? When is the best time to buy it

?

Why?

(

round your final answer to

2

decimals

)

Posted Date: May 18, 2024 06:02 PM

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