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Use the following formula. nt A= LC Suppose that you drive 50,000 miles per year and gas averages $4 per gallon. Complete parts a. and b. below. -1 a. What will you save in annual fuel expenses by owning a hybrid car averaging 50 miles per gallon rather than an SUV averaging 25 miles per gallon? $ 4000 (Round to the nearest dollar as needed.) O b. If you deposit your monthly fuel savings at the end of each month into an annuity that pays 5.2% compounded monthly, how much will have saved at the end of nine years? S (Round to the nearest dollar as needed.) a ... $ C 86°F

Use the following formula. nt A= LC Suppose that you drive 50,000 miles per year and gas averages $4 per gallon. Complete parts a. and b. below. -1 a. What will you save in annual fuel expenses by owning a hybrid car averaging 50 miles per gallon rather than an SUV averaging 25 miles per gallon? $ 4000 (Round to the nearest dollar as needed.) O b. If you deposit your monthly fuel savings at the end of each month into an annuity that pays 5.2% compounded monthly, how much will have saved at the end of nine years? S (Round to the nearest dollar as needed.) a ... $ C 86°F

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Use the following formula. nt A= P LIC Suppose that you drive 50,000 miles per year and gas averages $4 per gallon. Complete parts a. and b. below. 1 a. What will you save in annual fuel expenses by owning a hybrid car averaging 50 miles per gallon rather than an SUV averaging 25 miles per gallon? $ 4000 (Round to the nearest dollar as needed.) BI HA b. If you deposit your monthly fuel savings at the end of each month into an annuity that pays 5.2% compounded monthly, how much will have saved at the end of nine years? S (Round to the nearest dollar as needed.) 13 S C 86°F
Transcribed Image Text:Use the following formula. nt A= P LIC Suppose that you drive 50,000 miles per year and gas averages $4 per gallon. Complete parts a. and b. below. 1 a. What will you save in annual fuel expenses by owning a hybrid car averaging 50 miles per gallon rather than an SUV averaging 25 miles per gallon? $ 4000 (Round to the nearest dollar as needed.) BI HA b. If you deposit your monthly fuel savings at the end of each month into an annuity that pays 5.2% compounded monthly, how much will have saved at the end of nine years? S (Round to the nearest dollar as needed.) 13 S C 86°F
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