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

Explain the term economic efficiency, Explain the term economic efficiency?...

Explain the term economic efficiency?  Answer:   Economic Efficiency means full utilization of all available resources in economy i.e. to produce the needed amount of goods and

Price determination explain briefly about it by then, about the price deter...

about the price determination with the held of diagramatic explanation numerical explanation related to the concept

#syndicated oligopoly, Could I have examples of syndicated and organized ol...

Could I have examples of syndicated and organized oligopolies with companies as examples

Marginal utility, discuss how economic theory explains the optimum pattern ...

discuss how economic theory explains the optimum pattern of consumption of an individual consumer

Production process, Production Process: Production is a process that t...

Production Process: Production is a process that transforms factors of production or inputs into output of goods and services. Production may be classified into extraction, ma

Organic chemistry, methylcyclohexene + HI by the catalyst of H3PO4

methylcyclohexene + HI by the catalyst of H3PO4

Price elasticity, Price Elasticity A measure of the change in demand fo...

Price Elasticity A measure of the change in demand for a product relative to unit changes in the price of the product. If the percentage change in quantity demanded is greater

Define benefit pensions, Defined Benefit Pensions: A pension plan that pays...

Defined Benefit Pensions: A pension plan that pays a specified monetary benefit, generally based on a pensioner's years of service and their income at the time of retirement.

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