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Home Q & A Board Science-Related Homework Help Mathematics
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dillon_green23 dillon_green23
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4 years ago
Use  A = .  Round all computations to the nearest dollar.

Suppose that you drive 40,000 miles per year and gas averages $4 per gallon.
(i) What will you save in annual fuel expenses by owning a hybrid car averaging 40 miles per gallon rather than an SUV averaging 20 miles per gallon?
(ii) If you deposit your monthly fuel savings at the end of each month into an annuity that pays 5.9% compounded monthly, how much will you have saved at the end of seven years?

▸ (i) $5000;
(ii) $43,205

▸ (i) $3900;
(ii) $33,700

▸ (i) $4000;
(ii) $34,564

▸ (i) $4100;
(ii) $35,428
Textbook 
Thinking Mathematically

Thinking Mathematically


Edition: 6th
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Antoinette12Antoinette12
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4 years ago
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dillon_green23 Author
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4 years ago
Thanks
jamesbove
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Yesterday
Brilliant ツ
halyna
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2 hours ago
Good timing, thanks!
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