x = 9

y= 3

1. Suppose a person wants to become an Uber driver and decides to purchase a new car. His local dealer suggests two vehicles; a Japanese-made and an American-made vehicle. He conducts a research and estimates the expenses shown in the table below. Assuming an Uber driver receives an average of $25 an hour, working 11 hours per day for 5 days a week. Using Present Worth Analysis, determine which option is better. American Japanese Life, years 5 10 Initial cost, $ 12,000 19,000 Annual Maintenance, $/year 1600 1000 Annual Tax, S/year 320 290 Fuel Costs, $ per working day 30 25 Trade-in value S, % of P 3X 1Y Interest rate i % Y