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Business, 03.04.2020 18:15 tobydeathstirke

I. You currently drive 300 miles/week in car that gets 18 miles/gal. You are considering buying a new car for $20,000 with 46 miles/Gal. Insurance premium for new and old car is $900 and $450 per year respectively. You spend $1,500/year on repairs to the old car. Assume that the gas cost is $3.20/Gal. Over 5 years period, is it less expensive to keep your old car or buy a new car

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I. You currently drive 300 miles/week in car that gets 18 miles/gal. You are considering buying a ne...
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