Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Part II-B. Word Problem | Show all your work on the answer sheet | I. (10 points) The Jose's Pizza has one passenger van as

image text in transcribed
Part II-B. Word Problem | Show all your work on the answer sheet | I. (10 points) The Jose's Pizza has one passenger van as delivery van. It is considering the cargo van. The conversion costs $3,000. The ROI is 10%. The passenger van does, therefore it could run half as many miles as the passenger van does. The mileage per year for the cargo van is able to load twice as many as the passenger van is 18,000 miles. The fuel mileage is 15 miles per gallon for the passenger van and 10 miles per gallon for the cargo van. The cost per gas is $2.5 per gallon. How many years does the converted cargo van have to be kept in order to justify the conversion? (10 points) Microsoft Co, places 120,000 in an investment that has a return of 6%. The investment is placed there for 10 years, and then at the end of 11 year, annual withdrawals begin and continue for 6 years 2. a) Draw the TVM diagram b) What is the annual amount that may be withdrawn during the 6-year period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Master The Art Of Real Estate Investment

Authors: Rylanx H. Oconnor

1st Edition

979-8868087974

More Books

Students also viewed these Finance questions

Question

What are the main parts of the tongue that are used in speech?

Answered: 1 week ago