Consider the following situation, which involves two options. Determine which option is less expensive. Are there unstated factors that might attect your decision? You currenty drive 400 miles per week in a car that gets 24 miles per gallon of gas. You are considering buying a new fuel-efficient car for $17,000 ( a rtrade-in on your current car) that gets 44 miles per gallon Insurance premiums for the new and old car are $800 and $400 per year, respectively. You anticipate spending $1300 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a five year period, is it loss expensive to keep your old car or buy the new car? Over a five-year period, the cost of the old car is (Round to the nearest dollar as needed) and the cost of the new car is Thus, over a five-year period, it is less expensive to s Question Help d factors that might affect your decision? w fuel-efficient car for $17,000 (after trade-in on your current car) thats cipate spending $1300 per year on repairs for the old car and having no ur old car or buy the new car? , it is less expensive to buy the new car. keep your old car. delete [