Quote:
Originally Posted by Stu from NYC
Jeff many years ago in NYC learned how to calculate this.
Take the replacement value of the appliance and subtract the original cost.
Divide that number by the number of years you have had the appliance.
To that number multiply by pi squared and that will tell you what to do.
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Correct. But, I will usually opt to repair the appliance, because I don't want to go through the hassle of shopping for a new appliance, and being without the old one until I do.