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Homework answers / question archive / Sarah Truman is an avid scuba diver who lives in Maine
Sarah Truman is an avid scuba diver who lives in Maine. Since New England waters are very cold, Sarah has decided to purchase a dry suit for diving. After some investigation, Sarah must decide which one of the two suits to buy - a "Denmark" suit for $750 or a "Washington" suit for $300. The major difference between the two is that the Denmark should last for 300 dives whereas the Washington suit will need to be replaced after 100 dives. Sarah has $750 in a savings account paying 8% interest, which can be used to pay for either suit. Which suit would be the most economical for Sarah to buy? Analyze Sarah's problem for each of the following assumptions:
-Sarah expects to make 25 cold water divers per year for the next 12 years.
-Sarah expects to make 50 cold water divers per year for the next 6 years.
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