You have just moved to a new country to take up a two$-$year assignment. You need to buy a car and are deciding between a new one that costs $$20,000$ and a three$-$year$-$old one that costs $$9,000.$ The used car has an odometer reading of $25,000$ miles. You have $$10,000$ in savings, and can borrow the rest from your company, repaying them $110\%$ after two years. The value of the new car will depreciate by $50\%$ in two years, while that of the used car will depreciate by one$-$third. What should you do Use the seven$-$step procedure from Table $1-1$ to analyze your situation. Identify the principles that accompany each step.