Answer the Following Questions Using the Information Below:
George's 5-Year-Old

Multiple Choice

Answer the following questions using the information below:
George's 5-year-old Geo Prizm requires repairs estimated at $3000 to make it roadworthy again.His friend,Julie,suggested that he should instead buy a 5-year-old used Honda Civic for $3000 cash.Julie estimated the following costs for the two cars:
$$\begin{array} { l r r } & \text { Geo Prizm } & \text { Honda Civic } \\\text { Acquisition cost } & \$ 15000 & \$ 3000 \\\text { Repairs } & \$ 3000 & - \\\text { Antual operating costs } & & \\\text { (Fuel, maintenance, insurance) } & \$ 2280 & \$ 2100\end{array}$$
-What should George do? What are his savings in the first year?

A) Fix the Geo Prizm;$5518
B) Fix the Geo Prizm;$5280
C) Buy the Honda Civic;$180
D) Buy the Honda Civic;$9780