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Choosing to commute to work by driving a hybrid vehicle will save $540 eachin fuel. If money is worth 5.6% compounded anually, how much extra
Choosing to commute to work by driving a hybrid vehicle will save $540 eachin fuel. If money is worth 5.6% compounded anually, how much extra money, over the price of a gas-powered vehicle, should be invested to purchase a hybrid?
The amount of extra money that should be invested is $ __________. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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