Title: The table shows the expense of operating and owning four selected cars, by average costs per mile. ...
Post by: shaerovira on Feb 2, 2020
The table shows the expense of operating and owning four selected cars, by average costs per mile. Use the appropriate information in the table to solve the problem.
Average Annual Costs of Owning and Operating a Car for Selected Cars
(a) If you drive 20,000 miles per year, what is the total annual expense for Car B?
(b) If the total annual expense for Car B is deposited at the end of each year into an IRA paying 8.4% compounded yearly, how much will be saved at the end of five years? Round your answer to the nearest dollar, if necessary.
▸ (a) $28,986; (b) $330,060
▸ (a) $13,800; (b) $11,226,581
▸ (a) $13,800; (b) $81,607
▸ (a) $28,986; (b) $1,024,623
Average Annual Costs of Owning and Operating a Car for Selected Cars
| Average Costs Per Mile |
(a) If you drive 20,000 miles per year, what is the total annual expense for Car B?
(b) If the total annual expense for Car B is deposited at the end of each year into an IRA paying 8.4% compounded yearly, how much will be saved at the end of five years? Round your answer to the nearest dollar, if necessary.
▸ (a) $28,986; (b) $330,060
▸ (a) $13,800; (b) $11,226,581
▸ (a) $13,800; (b) $81,607
▸ (a) $28,986; (b) $1,024,623
Title: The table shows the expense of operating and owning four selected cars, by average costs per mile. ...
Post by: Jax on Feb 2, 2020
Content hidden
Title: BFSF: The table shows the expense of operating and owning four selected cars, by average costs per mile. ...
Post by: coolgirl091 on Dec 2, 2023
Help! The answer is missing an explanation...