the cheapes state is Louisiana with 9.34 cents per kilowatt hrs. ...

70.2K

Verified Solution

Question

Accounting

the cheapes state is Louisiana with 9.34 cents per kilowatt hrs. image
image
Your aunt hears that you're studying sustainability and energy, and she wants your advice about choosing a fuel-efficient vehicle! She drives 15,000 miles per year (typical) and plans to keep her car for 5 years before selling it (again, quite typical). She's considering three cars: none Car Purchase price Tax credit 5-year resale price Fuel efficiency (capital cost) (first year) (residual value) Toyota Yaris $15,000 $10,000 33 miles/gallon Toyota Prius $24,000 $2,500 $12,000 50 miles/gallon (hybrid) Nissan Leaf $30,000 $7,500 $6,000 3 miles/kWh (electric) Comparing costs across state: How much would it cost annually to fuel the electric-powered Leaf if your aunt lived in the state with cheapest electricity instead of Arizona? What is the five-year cost? Does that change your answer to (8)? Explain. (6 pts.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students