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John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $9,000 to make it road worthy again. His wife, Sherry, suggested that he should buy

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John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $9,000 to make it road worthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $9,000 cash. Sherry 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? A. Buy the Grand Cherokee; $10,700 B. Fix the Trail Blazer; $8,780 C. Fix the Trail Blazer; $5,580 D. Buy the Grand Cherokee; $1,080 Trail Blazer $29,000 $9,000 Grand Cherokee $9,000 $2,780 $1,700 ...

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