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Author Question: When you purchase a new washing machine for $300, you automatically get a 1-year warranty on the ... (Read 321 times)

xman15.

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on: Nov 23, 2022
When you purchase a new washing machine for $300, you automatically get a 1-year warranty on the washing machine. When you get to checkout, you are offered a two-year extended warranty that will recover the costs of replacing your washing machine. Suppose that if your washing machine breaks down in year two, comparable washing machines cost $270 and if your washing machine breaks down in year three, comparable washing machines cost $240. Each year there is a 5 percent chance that your washing machine will break down. You buy the washing machine on a credit card that has a 12 percent interest rate. How much are you willing to pay for the extended warranty?
Please round your final answer to two decimal places.
◦ $7,776.00
◦ $25.50
◦ $19.30
◦ $0.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by xman15. on Nov 23, 2022

dianagarcia

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xman15.

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
Excellent

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