The fuel consumption of your current car is 26 miles per gallon on average. suppose you drive 13000 miles annually. now you are considering selling your cunrrent car at $10500 and buying a new car that averages 31 miles per gallon. the price of the new car that you can afford should be the price at which you sell your old car plus the fuel saving from keeping your new car for the following 7 years. then what is the price you can afford for the new car? the interest rate is 6% and the fuel cost stays constant at $4 per gallon. round the answer to the nearest integer.

If you want to compare two different investments, what should you calculate

Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan