Question

It costs $40 to buy a telephone from the department store. Assume that I can keep a telephone for at most five years and that the estimated maintenance cost each year of operation is as follows: year 1, $20; year 2, $30; year 3, $40; year 4, $60; year 5, $70. I have just purchased a new telephone. Assuming that a telephone has no salvage value, determine how to minimize the total cost of purchasing and operating a telephone for the next six years.

Answer 1

Answer:  im assuming once you hit year 6 for the new it will be about $80, or if you need the total of all the years then it will $270

Hope this helped, if it didnt then I apologize