Question: The answer is correct I just need the steps please. It costs $34,000 to retrofit the gasoline pumps at a certain filling station so the

The answer is correct I just need the steps please. It

The answer is correct I just need the steps please.

It costs $34,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of S0.09 per gallon from selling E85 and sells an average of 20.000 gallons of E85 per month, how many months will it take for the owner to recoup her $34,000 investment in the retrofitted pumps? The interest rate is 0.75% per month. Click the icon to view the interest and annuity table for discrete compounding when i = 0.75% per month. It will take 21 months to recoup the investment. (Round up to the nearest whole number.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

A certain filling station needs to retrofit their pumps in order to dispense E85 fuel (85% ethanol and 15% gasoline). It will cost $30,000 to retrofit the gasoline pumps. If the station makes a...

Engineering Economy Homework Question Answers can be found on chegg with solution for the same question but only the values in the problem are different for me. Homework: Chapter 4 part 2 Save Score:...

It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of $0.06 per gallon from...

It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of $0.08 per gallon from...

It costs $25,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of $0.07 per gallon from...

4-71. It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of $0.08 per gallon...

It costs $35,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel. If the station makes a profit of $0.06 per gallon from selling E85 and sells an...

71. It costs $67,500 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel (85% ethanol and 15% gasoline). If the station makes a profit of $0.10 per gallon...

2. Standardized Financial Statements Using the Amazon Financials provided below, prepare the common-size income statements and balance sheets for the two most recent years. and 3. Financial Ratios....

Q1. Let u= (, 3), v = (2, 32) V = R and & R. Then we define addition and scalar multiplication on Vas; u + v = (x+y-1,22 + y2-1) and a.u = (ay, ). (i). Compute, u+vand k.u, if u =(-1,3), v= (2,0)...

Mark recently took a road trip across the country. The number of miles he drove each day was normally distributed with a mean of 450 . If he drove 431.8 miles on the last day with a z-score of -0.7 ,...

Which of the following statements about the settlement cycle is correct? The settlement cycle is the same across markets A long settlement cycle reduces counter party risk The settlement cycle refers...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

Uncertainty avoidance: the extent to which pay systems should reflect a need for pay consistency.

denigration of emotional outbursts; being reserved;

4 How should the success of Japanese people management policies and techniques be assessed in different countries cultural context?