If you purchase a car from a certain dealership, you expect to have four free oil changes per year during the five years you keep the car. Each oil change would normally cost you $22.58. If you save your money in a mutual fund earning 2.16% per quarter, how much are the oil changes worth to you at the time you buy the car?" A 210.61 B 426.79 C 563.06 D 593.46 E 842.56
If you purchase a car from a certain dealership, you expect to have four free oil changes per year during the five years you keep the car. Each oil change would normally cost you $22.58. If you save your money in a mutual fund earning 2.16% per quarter, how much are the oil changes worth to you at the time you buy the car?" A 210.61 B 426.79 C 563.06 D 593.46 E 842.56
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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"If you purchase a car from a certain dealership, you expect to have four free oil changes per year during the five years you keep the car. Each oil change would normally cost you $22.58. If you save your money in a mutual fund earning 2.16% per quarter, how much are the oil changes worth to you at the time you buy the car?"
A 210.61
B 426.79
C 563.06
D 593.46
E 842.56
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