# _____________________ You decide to purchase a NEW car. You have \$2000 as a down payment and will finance the remainder at 3% for 4 years. A hybrid uses less gasoline

_____________________ You decide to purchase a NEW car.  You have \$2000 as a down payment and will finance the remainder at 3% for 4 years. A hybrid uses less gasoline but the initial cost is higher than a comparable conventional car.  Compare the cost of owning each car, then answer the questions. In addition to the down payment and monthly payments, you must purchase gasoline, insurance and maintenance items.  If you drive 15,000 miles each year, what is the total cost of gasoline for each car?  Assume gasoline will cost \$3.75/gallon. In addition to payments and fuel, you must also insure and maintain your car. Create a function for the annual cost of each car.  Note that the cost is different for the first 4 years (when you are making payments). Let h(x) be the function for the hybrid and c(x) the cost of the conventional car. (2 points) Create a table from the formulas you’ve created above. (2 points) The year horizontal axis is labeled with the year.  Choose an appropriate scale for the vertical axis and label.  Then plot and label both functions on the same graph below.(2 points)

0 replies