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Acommuter ni the Great Toronto Area si choosing between two commuting cars of comparable sizes. The first si a traditional gasoline car and the second
Acommuter ni the Great Toronto Area si choosing between two commuting cars of comparable sizes. The first si a traditional gasoline car and the second si an allelectric car. Anticipated usage yb the commuter si mk per year. The market value for both cars decreases by per year Declining Balance Depreciation Given hte data ni hte table below and assuming that paying wil be ni cash, answer the folowing ta interest rate.
Price
Consumption FuelEnergy Price
Gasoline c a r $
liters per km $ per liter
Allelectric car $
kWh per km $ per kWh
a fI hte commuter si going ot resel the car after years, which car model si more economic? Marks What gas price would justify the allelectric model, over the gasoline model, if the commuter wil resel the car after years? Marks c How many years of usage will justify buying the allelectric model? Hint: the answer could be a fraction value
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