the question

Use the following formula. r)ynt P (: + | = i 5 A= t_ - (7) Suppose that you drive 30,000 miles per year and gas averages $4 per gallon. Complete parts a. and b. below ________. a a (ees _ ~~ $__ = . is a. What will you save in annual fuel expenses by owning a hybrid car averaging 30 miles per gallon rather than an SUV averaging 9 miles per gallon? $ 9333 (Round to the nearest dollar as needed.) b. If you deposit your monthly fuel Savings at the end of each month into an annuity that pays 5.6% compounded monthly, how much will have saved at the end of six years? $ (Round to the nearest dollar as needed.)