Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you are planning to move to the uae. the plan is t

You are planning to move to the UAE. The plan is to stay there for...

80.2K

Verified Solution

Question

Finance

image
You are planning to move to the UAE. The plan is to stay there for 3 years. The fuel price is 3.5 AED/L. Your monthly driving distance is 1200km. You have been introduced to the following transportation options: A. Rent a car for a monthly rent of 1500 AED. Fuel consumption rate 6.7 1/100km. B. Buy a car (price equals 20000 AED). Fuel consumption rate 11 l/100km. C. Buy a car (price 60000 AED. Fuel consumption rate 9 1/100km The operation and maintenance costs, and the salvage value of each option are shown in the following table. B c registration (AED/a) 2000 2000 maintenance (AED/a) 3000 1500 Salvage value (AED) 10 8000 44000 10 From the economic point of view, which option will you choose? This discount rate is 3%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

When using explosives, the specific precautions to be taken to prevent accidental discharges:in holes that...

Finance
1.2K views

Eliza Mok spots two bonds in the market in which she is interested. The first bond...

General Management
1.2K views

Under the ADA, reasonable accommodations must be provided to allow a qualified employee to perform the...

Physics
1.2K views

10 For a prism kept in air it is found that for an angle of...

Geometry
1.2K views

3 Solve the triangle for all missing sides rounded to the nearest tenth and angles...

Geometry
1.2K views

Classic Probability What is the probability of spinning the spinner and the arrow landing on...

Geometry
1.2K views

What is the solution to the system of equations below Hint Solve using substitution 5x...

Basic Math
1.2K views

Assume that the heights of American men are normally distributed with a mean of 69.0...

Algebra
1.2K views

11 Find two consecutive negative integers such that the square of the first integer decreased...

Accounting
1.2K views

Accounting
1.2K views

b An imprest payroll system is one example of how banking...

Accounting
1.2K views

La compra de un motor por $6000 y un generador por $4000 permitir a una...