2 John's 5-year-old Geo Prizm requires repairs estimated at $2,900 to make it road worthy again. His friend Julie suggested that he buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars: Acquisition cost Repairs Annual operating costs (Gas, maintenance, insurance) What should John do? What are his savings in the first year? Options Include: 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 + Show Calculations: Geo Prizm $15,000 $2,900 $2,280 Honda Civic $3,000 $2,100

2 John's 5 year-old Geo Prizm requires repairs estimated at $2,900 to make it road worthy again. His friend Julie suggested that he buy a 5 -year-old used Honda Civic instead for $3,000 cash Julie estimated the following costs for the two cars