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John's 8-Year-Old Chevrolet Trail Blazer Requires Repairs Estimated at $7,000

Question 12

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John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $7,000 to make it road worthy again.His wife,Sherry,suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $7,000 cash.Sherry estimated the following costs for the two cars:
John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $7,000 to make it road worthy again.His wife,Sherry,suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $7,000 cash.Sherry estimated the following costs for the two cars:   What should John do? What are his savings in the first year? A) Buy the Grand Cherokee;$8,700 B) Fix the Trail Blazer;$4,380 C) Buy the Grand Cherokee;$880 D) Fix the Trail Blazer;$7,247
What should John do? What are his savings in the first year?


A) Buy the Grand Cherokee;$8,700
B) Fix the Trail Blazer;$4,380
C) Buy the Grand Cherokee;$880
D) Fix the Trail Blazer;$7,247

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