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Problem 5-9 (algorithmic) Question Help 0 A new six-speed automatic transmission for automobiles offers an estimated 3% improvement in fuel economy compared to traditional four
Problem 5-9 (algorithmic) Question Help 0 A new six-speed automatic transmission for automobiles offers an estimated 3% improvement in fuel economy compared to traditional four speed transmissions in front-wheel drive cars. If a four-speed transmission car averages 28 miles per gallon and gasoline costs 53 25 per gallon, how much extra can a motorist pay for a fuel-efficient six-speed transmission? Assume that the car will be driven for 145,000 miles over its lifetime of 10 years. The motorist can earn 4% per year on investments Assume miles driven each year are roughly constant The motorist can pay for a fuel-efficient six-speed transmission extra $ (Round to the nearest dollar) Enter your answer in the answer box and then click Check Answer 7 of 12 (2 complete) HW Score: 2.78 More Info . X EQU orist year Discrete Compounding; i = 4% Single Payment Uniform Series Compound Compound Sinking Amount Present Amount Present Worth Factor Factor Worth Factor Factor To Find F To Find P To Find F To Find To Find A Given P. Given F Given A Given A Given F Capital Recovery Factor To Find A Given P AJF Print Done Im a Ow Chapters 1, 2 Homework cega ox 7 of 12 (2 complete) HW Scor More Info Given P AWN-2 Given P HP 1.0400 1.0816 1.1249 1.1699 1.2167 1 2653 Given F PIE 0.9615 0.9246 0.8890 0.8548 0.8219 0.7903 Given A FIA 1.0000 2.0400 3.1216 4.2465 5 4163 6 6330 Given A PIA 0.9615 1.8861 2.7751 3.6299 4.4518 5.2421 Given F AIR 1.0000 0.4902 0.3203 0.2355 0.1846 0.1508 1.0400 0.5302 0.3603 0.2755 0.2246 0.1908 o Print Done
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