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:
Elasticity of Labor Demand
A measure of how sensitive the quantity of labor demanded by employers is to a change in the wage rate.
Minimum-Wage Laws
Legislation that sets the lowest hourly wage that employers can legally pay their workers, intended to protect workers from exploitation.
Labor Supply
The total hours that workers are willing and able to work at a given wage rate, in a certain period.
Supplemental Nutrition
Programs or interventions designed to provide additional nutritional support, especially to vulnerable groups such as children, the elderly, or low-income families.
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