An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle. The $15,000 Dart can cruise at speeds up to 85 miles per hour, and it can travel 95 miles per gallon of fuel. Another two-seater automobile costs $11,000 and averages 45 miles per gallon of compressed natural gas. If fuel costs $8.00 per gallon and MARR is 12% 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 12% per year. Dart is more economical if you are planning on driving miles or more per year. (Round to the nearest whole number.)
An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle. The $15,000 Dart can cruise at speeds up to 85 miles per hour, and it can travel 95 miles per gallon of fuel. Another two-seater automobile costs $11,000 and averages 45 miles per gallon of compressed natural gas. If fuel costs $8.00 per gallon and MARR is 12% 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 12% per year. Dart is more economical if you are planning on driving miles or more per year. (Round to the nearest whole number.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![N123
4
5
67899
10
Single Payment
Discrete Compounding; i = 12%
Compound
Amount
Present
Factor Worth Factor
To Find F
Given P
FIP
1.1200
1.2544
1.4049
1.5735
1.7623
1.9738
2.2107
2.4760
2.7731
3.1058
To Find P
Given F
PIF
0.8929
0.7972
0.718
0.6355
0.5674
0.5066
0.4523
0.4039
0.3606
0.3220
Compound
Amount
Factor
To Find F
Given A
FIA
1.0000
2.1200
3.3744
4.7793
6.3528
8.1152
10.0890
12.2997
14.7757
17.5487
Uniform Series
Present
Worth Factor
To Find P
Given A
PIA
0.8929
1.6901
2.4018
3.0373
3.6048
4.1114
4.5638
4.9676
5.3282
5.6502
Sinking
Fund
Factor
To Find A
Given F
AIF
1.0000
0.4717
0.2963
0.2092
0.1574
0.1232
0.0991
0.0813
0.0677
0.0570
Capital
Recovery
Factor
To Find A
Given P
A/P
1.1200
0.5917
0.4163
0.3292
0.2774
0.2432
0.2191
0.2013
0.1877
0.1770](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb848ae9c-dafd-4445-862f-8c47db2bb8c9%2Ffac15be6-7b57-44d8-9445-b1a9e4598b17%2F86lb7e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:N123
4
5
67899
10
Single Payment
Discrete Compounding; i = 12%
Compound
Amount
Present
Factor Worth Factor
To Find F
Given P
FIP
1.1200
1.2544
1.4049
1.5735
1.7623
1.9738
2.2107
2.4760
2.7731
3.1058
To Find P
Given F
PIF
0.8929
0.7972
0.718
0.6355
0.5674
0.5066
0.4523
0.4039
0.3606
0.3220
Compound
Amount
Factor
To Find F
Given A
FIA
1.0000
2.1200
3.3744
4.7793
6.3528
8.1152
10.0890
12.2997
14.7757
17.5487
Uniform Series
Present
Worth Factor
To Find P
Given A
PIA
0.8929
1.6901
2.4018
3.0373
3.6048
4.1114
4.5638
4.9676
5.3282
5.6502
Sinking
Fund
Factor
To Find A
Given F
AIF
1.0000
0.4717
0.2963
0.2092
0.1574
0.1232
0.0991
0.0813
0.0677
0.0570
Capital
Recovery
Factor
To Find A
Given P
A/P
1.1200
0.5917
0.4163
0.3292
0.2774
0.2432
0.2191
0.2013
0.1877
0.1770
![An aerodynamic three-wheeled automobile (the Dart) runs on compressed natural gas stored in two cylinders in the rear of the vehicle.
The $15,000 Dart can cruise at speeds up to 85 miles per hour, and it can travel 95 miles per gallon of fuel. Another two-seater
automobile costs $11,000 and averages 45 miles per gallon of compressed natural gas. If fuel costs $8.00 per gallon and MARR is 12%
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 12% per year.
Dart is more economical if you are planning on driving miles or more per year. (Round to the nearest whole number.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb848ae9c-dafd-4445-862f-8c47db2bb8c9%2Ffac15be6-7b57-44d8-9445-b1a9e4598b17%2Fwcf025_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 $15,000 Dart can cruise at speeds up to 85 miles per hour, and it can travel 95 miles per gallon of fuel. Another two-seater
automobile costs $11,000 and averages 45 miles per gallon of compressed natural gas. If fuel costs $8.00 per gallon and MARR is 12%
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 12% per year.
Dart is more economical if you are planning on driving miles or more per year. (Round to the nearest whole number.)
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