Answer:
<em>We must drive 8,553 miles to pay off the extra cost of the diesel engine</em>
Explanation:
Let's use simple logic and put the numbers in it to solve this problem. Each gallon of diesel fuel gives us 32 miles and each gallon of gasoline gives us 23 miles. On the other side, each gallon of diesel costs $3.54. That means to get 32 miles we have to spend $3.54, thus each mile costs $3.54/32=$0.11 when using diesel.
Each gallon of gasoline costs $3.69, it means each mile costs $3.69/23=$0.16 when using gasoline. The difference
$0.16-$0.11=$0.05 are the savings per mile when using diesel instead of gasoline. Since the diesel engine is $427.65 more expensive than the gasoline engine, we must drive $427,65/0.05=8,553 miles to pay off the extra cost of the diesel engine.
Answer:
A. Your name will be automatically entered in the raffle if you attend the annual company BBQ.
B. Your satisfaction is important to us. Please complete the customer satisfaction survey.
Explanation:
The you view is used to emphasise the receiver of the message and give less attention to the sender. The other two options use 'we' indicating focus on the sender. While the correct options use 'your' with emphasis on the receiver.
Answer:
Cash price of the car
= Down payment + A(1 - <u>(1+r/m)</u>-nm
r/m
= $2,200 + $200(1-<u>(1+0.11/12</u>)-4x12
0.11/12
= $2,200 + $200(1-<u>(1+0.0091666667</u>)-48
0.0091666667
= $2,200 + $200(1-(<u>1.009166666667</u>)-48
0.0091666667
= $2,200 + `$200(38.691421)
= $9,938
Explanation:
The cash price of the car is equal to the down payment plus the present value of the monthly installment. The present value of the monthly installment is obtained by using present value of annuity formula.
