An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle. The $13,000 Dart can cruise at speeds up to 85 miles per hour, and it can travel 90 miles per gallon of fuel. Another two-seater automobile costs $12,000 and averages 50 miles per gallon of compressed natural gas. If fuel costs $8.00 per gallon and MARR is 10% per year, over what range of annual miles driven is the Dart more economical? Assume a useful life of six years for both cars. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 10% per year. Dart is more economical if you are planning on driving more per year. (Round to the nearest whole number.) miles or
An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle. The $13,000 Dart can cruise at speeds up to 85 miles per hour, and it can travel 90 miles per gallon of fuel. Another two-seater automobile costs $12,000 and averages 50 miles per gallon of compressed natural gas. If fuel costs $8.00 per gallon and MARR is 10% per year, over what range of annual miles driven is the Dart more economical? Assume a useful life of six years for both cars. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 10% per year. Dart is more economical if you are planning on driving more per year. (Round to the nearest whole number.) miles or
Chapter1: Making Economics Decisions
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![An aerodynamic three-wheeled automobile (the Dart) runs on
compressed natural gas stored in two cylinders in the rear of the
vehicle. The $13,000 Dart can cruise at speeds up to 85 miles per
hour, and it can travel 90 miles per gallon of fuel. Another
two-seater automobile costs $12,000 and averages 50 miles per
gallon of compressed natural gas. If fuel costs $8.00 per gallon
and MARR is 10% per year, over what range of annual miles
driven is the Dart more economical? Assume a useful life of six
years for both cars.
Click the icon to view the interest and annuity table for
discrete compounding when the MARR is 10% per year.
...
Dart is more economical if you are planning on driving
more per year. (Round to the nearest whole number.)
miles or](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0eb5e417-4691-48dc-9dc1-20176b60ebe9%2F3014c9d5-8660-48fe-9212-a6e8a897fcb2%2Fy29c7pd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An aerodynamic three-wheeled automobile (the Dart) runs on
compressed natural gas stored in two cylinders in the rear of the
vehicle. The $13,000 Dart can cruise at speeds up to 85 miles per
hour, and it can travel 90 miles per gallon of fuel. Another
two-seater automobile costs $12,000 and averages 50 miles per
gallon of compressed natural gas. If fuel costs $8.00 per gallon
and MARR is 10% per year, over what range of annual miles
driven is the Dart more economical? Assume a useful life of six
years for both cars.
Click the icon to view the interest and annuity table for
discrete compounding when the MARR is 10% per year.
...
Dart is more economical if you are planning on driving
more per year. (Round to the nearest whole number.)
miles or
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