Gasoline costs 095 per liter and will increase at 6 per, Econometrics

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Gasoline costs 095 per liter and will increase at 6 per

Gasoline costs $0.95 per liter and will increase at 6% per year. At a fuel economy of 9km/liter, what is the present worth cost of fuel for five years of driving 30,000km per year? Use 6.2% interest. What is the equivalent equal annual cost of the fuel for the 5 years?

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Econometrics: Gasoline costs 095 per liter and will increase at 6 per

Reference No:- TGS0569475

Have a Question? (oR Write a Review)

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Ask an Expert for Answer!!

Econometrics: Gasoline costs 095 per liter and will increase at 6 per

Reference No:- TGS0569475

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