Hi,
I refer to the Excel PMT function, and compare between to scenarios. Say:
1. Buying a car, and holding it for 8 years, costs 100/year (using PMT).
2. Buying a car, and holding it for 3 years, costs 300/year (using PMT).
Do I have enough data to calculate the cost of switching from scenario 1 to scenario 2? Basically 200/year for each year?
It may sound trivial but I am really not sure..
I refer to the Excel PMT function, and compare between to scenarios. Say:
1. Buying a car, and holding it for 8 years, costs 100/year (using PMT).
2. Buying a car, and holding it for 3 years, costs 300/year (using PMT).
Do I have enough data to calculate the cost of switching from scenario 1 to scenario 2? Basically 200/year for each year?
It may sound trivial but I am really not sure..