Answer the following questions using the information below:
George's 5-year-old Geo Prizm requires repairs estimated at $3000 to make it roadworthy again.His friend,Julie,suggested that he should instead buy a 5-year-old used Honda Civic for $3000 cash.Julie estimated the following costs for the two cars:
$$\begin{array} { l r r }
& \text { Geo Prizm } & \text { Honda Civic } \
\text { Acquisition cost } & \$ 15000 & \$ 3000 \
\text { Repairs } & \$ 3000 & - \
\text { Antual operating costs } & & \
\text { (Fuel, maintenance, insurance) } & \$ 2280 & \$ 2100
\end{array}$$
-What should George do? What are his savings in the first year?
A)Fix the Geo Prizm;$5518
B)Fix the Geo Prizm;$5280
C)Buy the Honda Civic;$180
D)Buy the Honda Civic;$9780

Question

Answer the following questions using the information below:
George's 5-year-old Geo Prizm requires repairs estimated at $3000 to make it roadworthy again.His friend,Julie,suggested that he should instead buy a 5-year-old used Honda Civic for $3000 cash.Julie estimated the following costs for the two cars:
 $$\begin{array} { l r r } 
& \text { Geo Prizm } & \text { Honda Civic } \
\text { Acquisition cost } & \$ 15000 & \$ 3000 \
\text { Repairs } & \$ 3000 & - \
\text { Antual operating costs } & & \
\text { (Fuel, maintenance, insurance) } & \$ 2280 & \$ 2100
\end{array}$$
-What should George do? What are his savings in the first year?
A)Fix the Geo Prizm;$5518
B)Fix the Geo Prizm;$5280
C)Buy the Honda Civic;$180
D)Buy the Honda Civic;$9780

Quizplus · Accepted Answer

The cost of repairing the Geo Prizm is $3000, and its operating costs are $2280, totaling $5280. Buying the Honda Civic costs $3000, with operating costs of $2100, totaling $5100. The savings in the first year by buying the Honda Civic is $180 ($5280 - $5100).

Answer the Following Questions Using the Information Below: George's 5-Year-Old

Answer the Following Questions Using the Information Below:
George's 5-Year-Old