A basic Flabberjabber,which lasts only 1 year,costs $5000 with a scrap value of $750 at the end of 1 year.A deluxe Flabberjabber,which lasts for n-years,can be purchased for $20,000 with scrap value $2500.Assume there are no maintenance costs for either model.Both Flabberjabbers perform exactly the same task.What is the minimum value of n so that a deluxe model would be a better buy than the basic model,if money is worth j₁ = 10%? (Answer to the nearest whole number. )

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The Answer of A basic Flabberjabber,which lasts only 1 year,costs $5000 with a scrap value of $750 at the end of 1 year.A deluxe Flabberjabber,which lasts for n-years,can be purchased for $20,000 with scrap value $2500.Assume there are no maintenance costs for either model.Both Flabberjabbers perform exactly the same task.What is the minimum value of n so that a deluxe model would be a better buy than the basic model,if money is worth j₁ = 10%? (Answer to the nearest whole number. )

A Basic Flabberjabber,which Lasts Only 1 Year,costs $5000 with a Scrap