You are looking to buy a car and own it for five years. A particular model has caught your eye. You could purchase the vehicle brand new for $30,000 and sell the vehicle for $11,000. Regular annual maintenance on the vehicle not covered by the three-year manufacturer warranty is expected to be $200, $800, $1,500, $2,250, and $3,000. Alternatively, you could buy a two-year-old used vehicle for $23,000 and sell it after five years for $6,300. Maintenance costs are expected to be $1,500, $2,250, $3,000, $3,500, and $4,500. The cost of financing is 6.75% compounded monthly. Should you purchase the new or used vehicle? How much will you save in current dollars by picking your chosen alternative