An Elderly Relative Offers to Sell You Their Used 1958

question 32

Multiple Choice

An elderly relative offers to sell you their used 1958 Cadillac Eldorado for $52,000. You note that very similar cars are selling on the open market for $87,000. You don't care for classic cars and would rather buy a new Ford Explorer for $35,000. What is the net value of buying the Cadillac?

• A) $87,000, since the Cadillac could be sold for this price.
• B) $52,000, since the Cadillac could be bought for this price.
• C) $35,000, since this is the difference between purchase and resale price of the Cadillac.
• D) $35,000, since this is the value of the car that you really want to buy.

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Definitions:

Outlook Calendar

A calendar and scheduling feature within Microsoft Outlook that allows users to manage appointments, meetings, and events.

Meeting Request

A digital invitation sent through email or a calendar application to invite participants to a scheduled meeting.

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A graphical representation used to signify the email function or to access an email client in a digital interface.

iCalendar

A standard file format used for storing calendar information, such as events and tasks, which can be shared across different calendar applications and platforms.