how can I make the required calculations using Mathcad??????
and how can i made the diagram?
John plans to buy a new car next year and is considering three options: a Honda Civic (conventional), Toyota Prius (hybrid), or Chevy Volt (plug-in hybrid). Here are the specifications: He drives 12,000 miles per year and will keep each vehicle for 15 years. John has a short commute every day and takes very few trips, so the Chevy Volt would serve as an electric car. In order to pay for it, John plans to take out a loan at a 3% interest rate from the local credit union. In addition, John works the Energy Information Administration where he forecasts gasoline prices: He is quite confident that the average gasoline price will remain around $3/gallon for the next 20 years. Assuming all recurring costs are paid for at the end of the year, what is the net present cost of each option? In order to compare costs that occur over different time intervals they must all be converted to a consistent cost measure (present cost, future cost, etc.) To solve this problem you will need to use the P/A formula on the attached reference sheet. Include in your calculations a line diagram as depicted in the reference sheet showning the costs as they occur over the 15 year time interval. Once you have completed your costs of the 3 scenarios, which car choice would you recommend John buy? Why? How import is cost vs environmental impacts to you? John plans to buy a new car next year and is considering three options: a Honda Civic (conventional), Toyota Prius (hybrid), or Chevy Volt (plug-in hybrid). Here are the specifications: He drives 12,000 miles per year and will keep each vehicle for 15 years. John has a short commute every day and takes very few trips, so the Chevy Volt would serve as an electric car. In order to pay for it, John plans to take out a loan at a 3% interest rate from the local credit union. In addition, John works the Energy Information Administration where he forecasts gasoline prices: He is quite confident that the average gasoline price will remain around $3/gallon for the next 20 years. Assuming all recurring costs are paid for at the end of the year, what is the net present cost of each option? In order to compare costs that occur over different time intervals they must all be converted to a consistent cost measure (present cost, future cost, etc.) To solve this problem you will need to use the P/A formula on the attached reference sheet. Include in your calculations a line diagram as depicted in the reference sheet showning the costs as they occur over the 15 year time interval. Once you have completed your costs of the 3 scenarios, which car choice would you recommend John buy? Why? How import is cost vs environmental impacts to you
