Answer the Following Question(s)using the Information Below

question 187

Multiple Choice

Answer the following question(s) using the information below.Jim's 5-year-old Geo Prizm requires repairs estimated at $3,000 to make it road worthy again.His friend, Julie, suggested that he should buy a 5-year-old used Honda Civic instead for $3,000 cash.Julie estimated the following costs for the two cars:

-What should Jim do? What are his savings in the first year?

• A)Buy the Honda Civic; $15,080
• B)Fix the Geo Prizm; $2,820
• C)Buy the Honda Civic; $180
• D)Fix the Geo Prizm; $5,280
• E)Buy the Honda Civic; $80