You have a $2000$ Nissan that is expected to run for

another three years, but you are considering buying a

new Hyundai before the Nissan wears out. You will

donate the Nissan to Goodwill when you buy the new

car. The annual maintenance cost is $$1,510$ per year for

the Nissan and $$190$ for the Hyundai. The price of your

favorite Hyundai model is $$18,100,$ and it is expected to

run for $15$ years. Your opportunity cost of capital is $3$

percent. Ignore taxes.

Calculate EAC of Hyundai if it is purchased today. $($Do

not round intermediate calculations. Round final

answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}25.)$

EAC of purchasing this Hyundai today $

When should you buy the new Hyundai?

You should buy the HyundaiYou have a $2000$ Nissan that is expected to run for another three years, but you are considering buying a new Hyundai before the Nissan wears out. You will donate the Nissan to Goodwill when you buy the new car. The annual maintenance cost is $$1,510$ per year for the Nissan and $$190$ for the Hyundai. The price of your favorite Hyundai model is $$18,100,$ and it is expected to run for $15$ years. Your opportunity cost of capital is $3$ percent. Ignore taxes.

Calculate EAC of Hyundai if it is purchased today. $($Do not round intermediate calculations. Round final answer to $2$ decimal places, e$.$g$.5,275\mathrm{.}25.)$

EAC of purchasing this Hyundai today $

When should you buy the new Hyundai?

You should buy the Hyundai