A suburban taxi company is considering buying taxis with diesel engines instead

Diesel engine taxis should be chosen.

Explanation:

Useful life  = 5 years

Annual distance covered = 80000 km

For a diesel car

Annual fuel cost = (80000/16)*.88 = $4400

Present value of total cost = vehicle cost + present value of the fuel cost + present value of annual repair cost + present value of annual premium – present value of resale value  

Present value of total cost = 24000 + 4400*(1-1/1.06^5)/.06 + 900*(1-1/1.06^5)/.06 + 1000*(1-1/1.06^5)/.06 - 4000/1.06^5

Present value of total cost = $47548.86

Let, uniform annual cost = EUAC1

Then,  EUAC1 = 47548.86/((1-1/1.06^5)/.06)

EUAC1 = $11287.93

For a gasoline car

Useful life = 4 years

Annual fuel cost = (80000/11)*.92 = $6690.91

Present value of total cost = vehicle cost + present value of the fuel cost + present value of annual repair cost + present value of annual premium – present value of resale value

Present value of total cost = 19000 + 6690.91*(1-1/1.06^4)/.06 + 700*(1-1/1.06^4)/.06 + 1000*(1-1/1.06^4)/.06 - 6000/1.06^4

Present value of total cost = $43322.83            

Let, uniform annual cost = EUAC2

Then,  EUAC2 = 43322.83/((1-1/1.06^4)/.06)                          

EUAC2 = $12502.6

Conclusion: The diesel engine taxis should be chosen because it offers relatively lower uniform annual cost compared to the gasoline engine taxis

B, the management of money and things that are worth money.

Explanation:

Finance is defined as management of money and things involved in it such as investments, borrowing, lending, and so on.