30).

a.b.

Suppose that a certain car has the following average operating and ownership costs. Average Costs per Mile Operating Ownership Total $0.28 $0.72 $1.00 a. If you drive 40,000 miles per year, what is total annual expense for this car? b. If the total annual expense for this car is deposited at the end of each year into an IRA paying 8.2% compounded yearly, how much will nt -1 be saved at the end of four years? Use the formula A= + n | a. If you drive 40,000 miles per year, the total annual expense for this car is $ (Round to the nearest dollar as needed.) b. If the total annual expense for this car is deposited at the end of each year into an IRA paying 8.2% compounded yearly, the amount saved at the end of four years is $0. (Round to the nearest dollar as needed.) Suppose that you decide to buy a car for $28,635, including taxes and license fees. You saved $6000 for a down payment and can get a P n five-year car loan at 5.93%. Use PMT = to find the monthly payment and the total interest for the loan. - nt 1- -(1+) The monthly payment is $ (Round to the nearest cent as needed.) The total interest for the loan is $ (Round to the nearest cent as needed.)