Because of Its Age,your Car Costs $4,000 Annually in Maintenance

question 40

Multiple Choice

Because of its age,your car costs $4,000 annually in maintenance expense.You could replace it with a newer vehicle costing $8,000.Both vehicles would be expected to last 4 more years,at which point they will be valueless.If your opportunity cost is 8%,by how much must maintenance expense decrease on the newer vehicle to justify its purchase?

• A) $1,625.40
• B) $1,584.63
• C) $1,469.08
• D) $1,409.54

---

Definitions:

Prison Population

Refers to the total number of individuals incarcerated in a country's prison system at any given time, often analyzed for trends and demographics.

African Americans

Citizens or residents of the United States who have total or partial ancestry from any of the black racial groups of Africa, with a history and culture shaped by the legacy of slavery and the civil rights movement.

Supreme Court

The highest federal court in the United States, consisting of nine justices and holding final appellate jurisdiction over all U.S. court cases dealing with constitutional and federal law.

Racial Diversity

The inclusion of people from different racial and ethnic backgrounds within a given community or organization.