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Terrys 5-year-old Nissan Murano requires repairs estimated a $2,000 to make it roadworthy again. His friend, Carol, suggested that he should buy a 5-year old
Terrys 5-year-old Nissan Murano requires repairs estimated a $2,000 to make it roadworthy again. His friend, Carol, suggested that he should buy a 5-year old used Ford Fusion instead for $2,000 cash. Carol estimated the following cost for the two cars: Nissan Murano Ford Fusion Acquisition cost $25,000 $2,000 Repairs $2,000 ----- Annual operating costs (Gas, Maintenance, insurance $2,280 $1,900 a. The cost(s) NOT relevant for this decision is(are) b. What should Terry do? What are is savings in the first year? c. What are other factors to consider
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