time value of money, Microeconomics

Assignment Help:
My current car gets 10 miles to the gallon and no resale value, but it will last 5 years for sure. I can always buy a new car for 8000 dollars that gets 20 miles to the gallon. A gallon of gas costs $2 and I drive 6000 miles a year. Interest rate is 5%.

If I am interest in only saving money, should I buy a new car now or rather wait until my current car dies?

Related Discussions:- time value of money

Criteria of a good forecasting method, Criteria of a Good Forecasting Met...

Criteria of a Good Forecasting Method: 1. Simplicity : and Ease of Comprehension: Management must be able to understand and have confidence in the techniques used compli

Why is high unemployment considered a bad thing, Why is high unemployment c...

Why is high unemployment considered a bad thing? High unemployment means that a nation's resources are underutilized.  It also poses great psychological, economic, and social c

Atitude of consumers towards risk, find the highest premium find the actuar...

find the highest premium find the actuarialy fair premium

Summary of educational planning and economic growth, Summary of Educational...

Summary of Educational Planning and Economic Growth An economy with scarce resources and enormous needs and aspirations requires planning. This is true of the education sector

Impact of government legislations on business, Impact of government legisla...

Impact of government legislations on business in india Government in India plays a dominant role in the Indian business activity. It directs and regulates the private business and

Marginal cost curve, "Dr. Arata Kochi, the World Health Organisation malari...

"Dr. Arata Kochi, the World Health Organisation malaria chief,... [says that] eradication is counterproductive. With enough money, he said, current tools like nets, medicines and D

Supply, #1 explain with the aid of diagram the effect of an increase in dem...

#1 explain with the aid of diagram the effect of an increase in demand for palm oil on the equilibrum position for palm kernel

Hello, using the indifference curve approach explain why the demand curve s...

using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd