Answer:
Fill in the following tables, using the equations.
Cost of owning and operating the vehicles
Vehicle 0 1 2 3 4 5 6
Van $20,523 $23,723 $26,923 $30,123 $33,323 $36,523 $39,723
Car $23,540 $25,990 $28,440 $30,890 $33,340 $35,790 $38,240
How much does each vehicle cost initially?
- Van costs $20,523
- Car costs $23,540
How much does each cost to operate for one year?
- Van costs $3.200
- Car costs $2,450
Which one initially costs less?
Which one will cost less over the six years?
When do they cost about the same?
- year 4: van accumulated costs $33,323 and car accumulated costs = $33,340
