Archive for the ‘Investing’ Category

At what interest rate would you be indifferent in buying refrigerators at different prices?

Friday, December 4th, 2009

aLiCe asked: two refrigerators are available for purchase, one cost more to buy but less to operate. A: $400 cost to operate/year is $100 B: $340 cost to operate/year is $120 At what interest rate would you be indifferent between the two machines?Is A Vending Business Right For You?