Robert is considering purchasing a new or used car. Based on his value of transportation, expected maintenance costs, auto loan payments and insurance rates of each car he has derived the table below. If he buys the new car, the loan rate is 6%. If he buys a used car, the loan rate will be 11%. Given this information, which car provides the highest net present value? 
Definitions:
Episodic Memory
A form of enduring memory that encompasses the recall of particular incidents, circumstances, and personal experiences.
Parallel Park
The process of parking a vehicle parallel to the road, in line with other parked vehicles, usually in a designated parking space.
Psychology Laboratory
A controlled setting designed for conducting research and experiments related to cognitive, emotional, and behavioral processes.
Procedural Memory
A type of long-term memory that is responsible for knowing how to do things, thus involving the performance of particular types of actions.
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