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Answer the Following Question(s)using the Information Below

Question 26

Multiple Choice

Answer the following question(s) using the information below.Jim's 5-year-old Geo Prizm requires repairs estimated at $3,000 to make it road worthy again.His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash.Julie estimated the following costs for the two cars:
Answer the following question(s) using the information below.Jim's 5-year-old Geo Prizm requires repairs estimated at $3,000 to make it road worthy again.His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash.Julie estimated the following costs for the two cars:    -What should Jim do? What are his savings in the first year? A) Buy the Honda Civic; $15,080 B) Fix the Geo Prizm; $2,820 C) Buy the Honda Civic; $180 D) Fix the Geo Prizm; $5,280 E) Buy the Honda Civic; $80
-What should Jim do? What are his savings in the first year?


A) Buy the Honda Civic; $15,080
B) Fix the Geo Prizm; $2,820
C) Buy the Honda Civic; $180
D) Fix the Geo Prizm; $5,280
E) Buy the Honda Civic; $80

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