What is the equivalent equal annual cost of the fuel

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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?

Reference no: EM13232991

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