It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel. if the station makes a profit of $0.09 per gallon from selling E85 and sells an average of 25,000 gallons of E85 per month, how many months will it take for the owner to recoup her 30,000 investment in the retrofitted pumps? the interest rate is 2% per month. How would you do this with an interest chart and a calculator 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 S0.09 per gallon from selling E85 and sells an averageof 25,000 gallons of E85 per month, how many months will it take for the owner to recoup her $30,000 investment in the retrofitted pumps? The interest rate is 2% per month.Click the icon to view the interest and annuity table for discrete compounding when i= 2% per month.1 More InfoIt will take| months to recoup the investment. (Round up to the nearest whole number.)Given PGiven FGiven AGiven AGiven FGiven PF/PP/FFIAP/AA/FA/P11.02000.98041.00000.98041.00001.02000.49500.32680.24260.19220.15850.13450.11650.10250.09130.08220.07460.06810.06260.057821.04040.96122.02003.06041.94162.88390.515031.06120.94230.34681.08241.10411.12623.80774.71355.60146.47207.32558.16228.98269.78680.26260.21220.178540.92384.12165.20406.308150.90570.888071.14871.17170.87067.43430.15450.13650.12250.11130.85350.83680.82030.80430.78850.77300.75798.58309.754610.949712.1687891.1951101.2190111.24341.26820.10220.09460.08810.08260.07781213.412110.57531.29361.31951.345914.680315.973917.29341311.34841412.1062150.743012.8493161.37280.728418.639320.012113.57770.05370.07371.40021.4282170.71420.70020.68640.67300.659814.29190.05000.04670.04380.04120.03880.07000.06670.06380.06120.058821.412322.840614.992015.678516.351417.011218191.45681.48591.51571.54601.57691.60841.64061.81142.03992024.29742125.7833220.646827.299028.845017.65800.03660.63420.62170.60950.55210.05660.05470.05290.05120.044618.292218.9139230.034730.42190.03290.03120.02460.01920.01660.01262419.523522.39652532.030340.568151.994430360.490225.48880.03920.45290.3865402.208060.402027.35550.03660.0326482.587179.353530.6731Enter your answer in the answer box.603.28100.3048114.051534.76090.00880.0288Save for Later

A discounted payback period is the time period in which a project will pay back its investment from…

It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel. if the station makes a profit of $0.09 per gallon from selling E85 and sells an average of 25,000 gallons of E85 per month, how many months will it take for the owner to recoup her 30,000 investment in the retrofitted pumps? the interest rate is 2% per month. How would you do this with an interest chart and a calculator

It costs $30,000 to retrofit the gasoline pumps at a certain filling station so the pumps can dispense E85 fuel. if the station makes a profit of $0.09 per gallon from selling E85 and sells an average of 25,000 gallons of E85 per month, how many months will it take for the owner to recoup her 30,000 investment in the retrofitted pumps? the interest rate is 2% per month. How would you do this with an interest chart and a calculator

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 10PA: The Ham and Egg Restaurant is considering an investment in a new oven that has a cost of $60,000,...

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