point(s) possible Gerry likes driving small cars and buys nearly identical ones whenever the old one needs replacing. Typically, he trades in his old car for a new one costing about $15,000. A new car warranty covers all repair costs above standard maintenance (standard maintenance costs are constant over the life of the car) for the first two years. After that, his records show an average repair expense (over standard maintenance) of $2600 in the third year (at the end of the year), increasing by 50 percent per year thereafter. If a 30 percent declining-balance depreciation rate is used to estimate salvage values and interest is 9 percent, Gerry determined he should buy a new car every two years. However, Gerry has observed that the cars he buys are somewhat more reliable now than in the past. A better estimate of the repair costs is $1600 in the third year, increasing by 50 percent per year thereafter. Now how often should Gerry get a new car? Click the icon to view the table of compound interest factors for discrete compounding periods when i = 9%. Gerry should now get a new car every (Round to the nearest whole number as needed.) years, which has the EAC of $ highest lowest &