How much must be saved in fuel cost each year

Reference no: EM13189046

The national highway traffic safety administration.raised the average fuel efficiency standard to 35.5 miles per gallon for cars and light trucks by the year 2016. The rules will cost consumers an average of $434 extra per vehicle in the 2012 model year. If a person purchases a new car in 2012 and keeps it for 5 years, how much must be saved in fuel cost each year to justify the extra cost? Use an interest rate of 8% per year.

Reference no: EM13189046

Questions Cloud

How much replacing the roof will cost : Traci is planning to sell her house, and she is considering making two upgrades to the house before listing it for sale. Replacing the carpeting will cost her $3,000 and replacing the roof will cost her $6,000. Traci expects the new carpeting to i..

Problem on demand-page system : Describe in general how the system is being used and explain the effect on the above measurement (CPU utilization) if the following occurred

Will the consumer be purchasing the same market basket : If the per-unit price of college education rises and the prices of all other items fall, is it possible for the consumer to end up on the same indifference curve as before the price change If so, will the consumer be purchasing the same market bas..

Are rye bread and wheat bread substitute or complements : Let the market demand for rye bread be given by Q = 500 I - 250Prye 400Pwheat, where Q is monthly demand in number of loaves, I is average monthly income in dollars, Prye is the price of a loaf of rye bread, and Pwheat is the price of a loaf of wh..

How much must be saved in fuel cost each year : The national highway traffic safety administration.raised the average fuel efficiency standard to 35.5 miles per gallon for cars and light trucks by the year 2016. The rules will cost consumers an average of $434 extra per vehicle in the 2012 mode..

Find the grade of the peak : base elevation of 8700 ft, mountain peak in colorado rises 14407 ft over distance of 15844 ft. find the grade of the peak.

What is the present worth of the savings per unit : A manufacturer of off-road vehicles is considering the purchase of dual -axis inclinometers for instalation in a new line of tractors. The distributor of the inclinometers is temporarily overstocked and is offering them at a 40% discount from the ..

How much will be spent to provide housing for the child : Health Care is 7%, Clothing is 6%, and Miscellaneous is 11%. To the nearest dollar, how much will be spent to provide housing for the child?

Obtain a linear demand equation : Pack-Em-In has another development in the works. If it builds 50 houses in this development, it will be able to sell them at $250,000 each, but if it builds 110 houses, it will get only $190,000 each. Obtain a linear demand equation.

User Account

All Pages