View Single Post
  #10   Report Post  
Posted to alt.home.repair
Caesar Romano Caesar Romano is offline
external usenet poster
 
Posts: 696
Default Help me figure the cost to charge a Chevy Volt in my town?

On Sat, 13 Nov 2010 23:39:00 -0800, mike wrote Re
Help me figure the cost to charge a Chevy Volt in my town?:

I drive about 22,000 miles per year so potential savings are $660 a
year. The "premium" over a comparable sized car is at least $12,000.
I'll break even after only 18 years.

I'd like to see the math on that one.
Stated another way, send me $12,000 and I'll gladly
return $660 per year for 18 years. Break even...right?


Well, 12000/660 = 18.182 so he's assuming a discount rate of about 0%
which is correct for the economy the Fed has set up (and which will
lead to inflation and another speculative bubble).
--
Work is the curse of the drinking class.