Question

DETAILS PREVIOUS ANSWERS AUFQR1COREQ 4.6.021. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER 7. [3.5/5 Points] A cloud storage engineer purchased a new car for $31,490. Complete the table below to determine the cost of owning the car for the first year of ownership. Assume the car has an average fuel efficiency of 25 miles per gallon and a 4-year loan at an annual interest rate of 3.75% on the purchase price less the down payment. (Round your answers to the nearest cent.) License and registration 0.75% of purchase price $ 236.18 Sales tax 6.25% of purchase price $ 1968.13 Down payment 15% of purchase price $ 4723.5 Depreciation 21% of purchase price $ 6612.9 Fuel cost driving 14,000 miles Average cost of gasoline: $ 1540 $2.75 per gallon Loan payments for 1 year 12 times monthly payment $ 502.32 Insurance Maintenance Total $728 $366 $ 728 $ 366 x

          DETAILS
PREVIOUS ANSWERS
AUFQR1COREQ 4.6.021.
MY NOTES ASK YOUR TEACHER
PRACTICE ANOTHER
7. [3.5/5 Points]
A cloud storage engineer purchased a new car for $31,490. Complete the table below to determine the cost of owning the car for the first year of ownership. Assume the car has an average fuel efficiency of
25 miles per gallon and a 4-year loan at an annual interest rate of 3.75% on the purchase price less the down payment. (Round your answers to the nearest cent.)
License and registration
0.75% of purchase price
$ 236.18
Sales tax
6.25% of purchase price
$ 1968.13
Down payment
15% of purchase price
$ 4723.5
Depreciation
21% of purchase price
$ 6612.9
Fuel cost driving
14,000 miles
Average cost of gasoline:
$ 1540
$2.75 per gallon
Loan payments for 1 year 12 times monthly payment $ 502.32
Insurance
Maintenance
Total
$728
$366
$ 728
$ 366
x

Show more…

DETAILS
PREVIOUS ANSWERS
AUFQR1COREQ 4.6.021.
MY NOTES ASK YOUR TEACHER
PRACTICE ANOTHER
7. [3.5/5 Points]
A cloud storage engineer purchased a new car for 31,490. Complete the table below to determine the cost of owning the car for the first year of ownership. Assume the car has an average fuel efficiency of
25 miles per gallon and a 4-year loan at an annual interest rate of 3.75% on the purchase price less the down payment. (Round your answers to the nearest cent.)
License and registration
0.75% of purchase price 236.18
Sales tax
6.25% of purchase price
1968.13
Down payment
15% of purchase price 4723.5
Depreciation
21% of purchase price
6612.9
Fuel cost driving
14,000 miles
Average cost of gasoline: 1540
2.75 per gallon
Loan payments for 1 year 12 times monthly payment 502.32
Insurance
Maintenance
Total
728366
728 366
x

Added by Alexandra C.

Elementary and Intermediate Algebra

Alan S. Tussy, R. David Gustafson 5th Edition

Instant Answer

Solved by Expert Sri K

05/10/2022

Step 1

- License and registration: $236.18 - Sales tax: $1968.13 - Down payment: $4723.50 - Depreciation: $6612.90 - Fuel cost driving 14,000 miles: $1540.00 - Loan payments for 1 year: $502.32 x 12 = $6027.84 - Insurance: $728.00 - Maintenance: $366.00 Total cost = Show more…

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Refer to picture and answer parts. 7. [3.5/5 Points] DETAILS PREVIOUS ANSWERS AUFQR1COREQ 4.6.021. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A cloud storage engineer purchased a new car for $31,490. Complete the table below to determine the cost of owning the car for the first year of ownership. Assume the car has an average fuel efficiency of 25 miles per gallon and a 4-year loan at an annual interest rate of 3.75% on the purchase price less the down payment. (Round your answers to the nearest cent.) License and registration 0.75% of purchase price $236.18 Sales tax 6.25% of purchase price $1968.13 Down payment 15% of purchase price $4723.50 Depreciation 21% of purchase price $6612.90 Fuel cost driving 14,000 miles Average cost of gasoline: $2.75 per gallon $1540.00 Loan payments for 1 year 12 times monthly payment $502.32 Insurance $728.00 Maintenance $366.00 Total $

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Transcript

00:01 Hello everyone in this question we are given that the details of three cars with their possible prices and mag city or highway repair cost and annual insurance cost we need to find the two we need to choose two vehicles to compare from the above list so first of all we are given the details the first car is chrysler, second is honda civic and the third one is jeep liberty.

00:49 So the price will be 2092, sorry, two double zero nine two, one five zero 57 and here it will be 25152.

01:10 Now, gas cost per year.

01:15 Gas cost per year.

01:19 That is equals to 1 5 -0 -0 multiplied with 19 divided by 20, that is equal to 109 -60615.

01:35 Now the gas cost per year, that is 1 5 -310 multiplied with 30 divided by 40, that is equals to 112 -5 -0.

01:50 And after that, 15 -3 -0 multiplied with 17 divided by 22, that is equals to 11590 .09.

02:02 Now we will find the percent value of b of b gas cost at 6 .9 percentage that is equals to 2 .691 multiplied with 109 -615 that is equals to 288 -188.

02:31 Here 2 .6291 multiplied with 11250 that is equals to we will get 29573.

02:45 And here 2 .6291 multiplied with 111590 .09 that is equals to 30473 .6.

03:06 Now the third year maintenance that is equals to 2040 here it will be 2 double one zero and here 2370 so the percent value of the maintenance cost see at 6 .9 percentage that is equals to 0 .8186 multiplied with 2040 that is equals to 1669 .94.

03:45 Now, 0 .816 multiplied with 2110, that is equals to 1727 .246...

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