Answer the following question(s) using the information below.John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it roadworthy again.His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $6,000 cash.Sherry estimated the following costs for the two cars:
-What should John do? What are his savings in the first year?
A) Buy the Grand Cherokee; $8,100
B) Fix the Trail Blazer; $3,180
C) Buy the Grand Cherokee; $180
D) Fix the Trail Blazer; $6,280
E) Buy the Grand Cherokee; $280
Correct Answer:
Verified
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