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Question 4 2 points Save Answer John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at 56000 to make it roadworthy again. His wife, Sherry, suggested
Question 4 2 points Save Answer John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at 56000 to make it roadworthy again. His wife, Sherry, suggested that he should buy a 5 year old used Jeep Grand Cherokee instead for $6000 cash. Sherry estimated the following costs for the two cars: Trail Blazer Grand Cherokes Acquition cost $27.000 $6000 Repair 1000 Annual operating cost (Gas, maintenance, insirane) 12200 11900 The cost NOT relevant for this decision is the acquisition cost of the Trail Blazer acquisition cost of the Grand Cherokee annual operating costs of the Grand Cherokee repairs to the Trail Blazer
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