subject
Mathematics, 20.07.2021 01:30 gbprulesmile

Manny is an online student who currently owns an older car that is fully paid for. He drives, on average, 150 miles per week to commute to work. With gas prices currently at $2.63 per gallon, he is considering buying a used, fuel-efficient car, and wants to know if it would be a good financial decision.
The old car Manny owns currently gets 20 miles per gallon for average fuel efficiency. It has been a great vehicle, but with its age, it needs repairs and maintenance that average $650 per year (as long as nothing serious goes wrong).
He is considering buying a newer used car that will cost a total of $7,500 over a three-year loan process. The used car gets 26 miles per gallon and would only require an average of $30 per month for general maintenance. To help make a decision Manny wants to calculate the total costs for each scenario over three years.
i) Find the total costs (gas, maintenance/repairs, purchase price) for each scenario over the three years.
1) Keep the old car
2) Buy the fuel-efficient used car
ii) Manny also realizes that the accuracy of his assumptions might play a role in his ability to follow-through with his decision. Which three of the following assumptions have the greatest potential to limit his ability to follow-through, if they turn out to be false assumptions?
A. Manny assumes that nothing will go seriously wrong with either car during this three-year period.
B. Manny assumes the loan period will be 3 years.
C. Manny assumes he will continue to drive about the same number of miles each week over this three-year period.
D. Manny assumes there are 52 weeks in a year.
E. Manny assumes gas costs will remain about the same over the three years.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 16:00, edjiejwi
If myesha works overtime, she gets paid "time and a half" for every hour she works. in other words, for every hour over 40 hours myesha works each week, she gets her hourly pay plus half her hourly pay. what is myesha's pay per hour when she works overtime?
Answers: 1
image
Mathematics, 21.06.2019 17:10, Halessoftball
Jessica and martha each have a bag of cookies with unequal quantities. they have 30 cookies total between the two of them. each of them ate 6 cookies from their bag. the product of the number of cookies left in each bag is not more than 80. how many more cookies will jessica have martha? if x represents the number of cookies jessica started with, complete the statements below. the inequality that describes the relationship between the number of cookies each one of them has is x^2 - x +224 > = 0.jessica has at least cookies more than martha.
Answers: 3
image
Mathematics, 21.06.2019 20:50, peachijmin
These tables represent a quadratic function with a vertex at (0, -1). what is the average rate of change for the interval from x = 9 to x = 10?
Answers: 2
image
Mathematics, 21.06.2019 22:00, vipergod07
Four quarts of a latex enamel paint will cover about 200 square feet of wall surface. how many quarts are needed to cover 98 square feet of kitchen wall and 52 square feet of bathroom wall
Answers: 1
You know the right answer?
Manny is an online student who currently owns an older car that is fully paid for. He drives, on av...

Questions in other subjects:

Konu
Chemistry, 04.12.2020 02:10
Konu
Spanish, 04.12.2020 02:10
Konu
Mathematics, 04.12.2020 02:10