How do you determine how much it will cost for Gas per year for the Honda Civic?
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- You are considering two cars that you plan on keeping for 5 years. One has an EPA combined city and highway rating of 33 mpg. The second has an EPA rating of 35 mpg. Suppose gasoline costs $3.48 per gallon and you drive 10,000 miles each year. a) How much (in dollars) will you save in 1 year by purchasing the 35 mpg car? (Enter a number. Round your answer to the nearest cent.) b) If you deposit that amount at the end of each year for the 5 years of ownership into an account that earns 4.3% compounded annually, how much (in dollars) will you save over 5 years? (Enter a number. Round your answer to the nearest cent.)You are planning a trip to Washington, DC, which is about 1,000 miles from your home. You would not mind either taking the bus or driving your car. (That is, you can ignore implicit or opportunity costs in this analysis.) The bus fare to DC is $200. You also know that you incur the following costs of operating your car during a typical 10,000-mile driving year: Insurance $ 900.00 Interest on auto loan $ 1,800.00 License and registration $ 100.00 Fuel and oil $ 1,000.00 Tires $ 100.00 Maintenance $ 700.00 TOTAL $ 4,600.00 What will be your decision: should you drive or take the bus? [Hint: Show me a little calculation here.A cloud storage engineer purchased a new car for $31,990. Complete the table below to determine the cost of owning the car for the first year of ownership. Assume the car has an average fuel efficiency of 35 miles per gallon and a 4-year loan at an annual interest rate of 3.75% on the purchase price less the down payment. (Round your answers to the nearest cent.) What are the loan payments for 1 year?
- We have offered to contribute $6,200 at the time of your purchase. The car plan to buy will cost $36,000 and have chosen to save into an account with a high monthly interest rate of 1.1%. How much needs be to saved each month for the next 3 years (end of period) to reach the goal of $36,000 and pay cash for the car (that includes your company's one-time contribution of $6,200)?There is a choice to buy a car worth $32,000 with 100% financing at 3.99% APR for 60 month or lease at $500 per month. The car will need maintenance in the 3rd year worth $525 and $825 in the 4th year. The car will have 30% residual value in the 5th year. Sales tax on new car is 6% and required rate of return is 5%. calculate the cost of Owning this car in year 4.The owner of an alcohol car is concerned about government policy with regard to fuel prices. It is estimated that gasoline will rise by 3% per year and ethanol by 5% per year in real terms. The current cost of gasoline is $3.00 per liter. The average consumption of your car is 9 km/liter and it runs around 20,000 km/month. Assuming a minimum active rate of return of 10% per year in real terms, compare for a 4-year horizon the equivalent annual cost of consumption of your car and a gasoline car, with the consumption of the alcohol car being 20% higher, and the price of a liter of alcohol today corresponds to 80% of the price of a liter of gasoline.
- A delivery company is looking at converting their fleet of gasoline vans to electric vehiclesThe all electric vans cost $75,000.00 today, minus an electric vehicle tax credit $7,500.00 and the reduced maintenance and fuel cost of $5,000. This brings today’s MRC to $62,500.00 for each new electric vanThe newer vans are expected to increase future MRP by $ 12,000.00 each year and have a productive life for five years. At the enc of the fifth year, the firm expects to sell the used vans for a salvage value of 30,000.00This firm is ing funds at 6% interest. The table indicates the possible investment for one electric vehicle.You are thinking of starting a food delivery service. If you decide to go ahead, you would need to purchase a vehicle for $20,000 and establish a cash balance of $100 to use to make change for customers. The CCA rate for vehicles is 30%. The estimated annual pre-tax net operating cash flow is expected to be $8,000. The small business tax rate of 18.62% would apply. An appropriate discount rate for this type of business is 12%. a) What is the NPV of starting the business, operating it for 2 years and keeping the vehicle (but not the cash balance) after that? b) What is the NPV of starting the business, operating it for 2 years and then winding up all aspects of the business, including selling the vehicle for $10,000? The business has no other automotive assets. c) Should you go ahead with the business? Why or why not? (A one sentence answer is fine, but it should refer to the impact on you, not just the numbers).Johnny’s Lunches is considering purchasing a new, energy-efficient grill. The grill will cost $44,000 and will be depreciated straight-line over 3 years. It will be sold for scrap metal after 5 years for $11,000. The grill will have no effect on revenues but will save Johnny’s $22,000 in energy expenses. The tax rate is 30%. What are the operating cash flows in each year? What are the total cash flows in each year? Assuming the discount rate is 11%, calculate the net present value (NPV) of the cash flow stream. Should the grill be purchased?
- Consider a hybrid vehicle with a sticker price of $31,500. This vehicle will average 30 milesper gallon of gasoline. A tax credit of $1,500 for the hybrid vehicle effectively reduces itssticker price to $30,000. A comparably equipped gasoline-only vehicle will cost $28,000and will average 25 miles per gallon of gasoline. Assuming an interest rate of 3% per yearand a study period of five years, find the breakeven mileage per year between the hybridvehicle and the gas-only vehicle. All other factors remain the same and assuming thegasoline costs $4.00 per gallon.Jeff & Bezos is a fresh groceries delivery company. The company has access to borrowing funds at a pre-tax rate of 8% per year. Jeff & Bezos pays income taxes using 22% tax rate. The company would like to start using high speed low-altitude drones to deliver grocery purchases directly to residential customers backyards. Doing so would bring the company pre-tax savings in the amount of $3.2 million each year. The required fleet of drones costs $8.3 million. If the company chooses to buy them, the drones would be losing their economic value following the straight-line depreciation method during a five year period. The fieet of drones, due to their heavy usage, would have no salvage value at the end. Instead of buying the fleet of the drones, Jeff & Bezos is also contemplating leasing the drones for a lease term that matches the drones" economic life. It would lease them from a different company, Nets & Flicks, that currently owns the required number of the drones. The…Linda Baer has already saved $4 comma 3134,313 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 44 percent compounded annually, how long will it take to buy a car that costs $6 comma 9056,905? Question content area bottom Part 1 Click on the table icon to view the FVIF table: LOADING... . Ignoring taxes and assuming her money is invested in a money market account earning 44% compounded annually, to save the money to buy a car that costs $6 comma 9056,905 will take enter your response here years. (Round to the nearest integer.)