You need to purchase new tires for your car. The all-season light truck tires cost $90 each and are expected to last 30,000 miles. The premium brand on-off-road light truck tires cost $160 each. Assuming you drive 10,000 miles per year, how many years will the premium tires have to last for them to be as economically attractive as the all-season tires at an interest rate of 10% per year?

Answer rating: 100% (QA)

Heres how to find the number of years the premium tires need to last to be as economical as the allseason tires 1 Cost per Mile for AllSeason Tires Al... View the full answer