document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1126218>Question 1126218</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Consider the following&#8203; situation, which involves two options. Determine which option is less expensive. Are there unstated factors that might affect your&#8203; decision?\r<BR>\n" );
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document.write( "You currently drive <BR>\n" );
document.write( "330 miles per week in a car that gets <BR>\n" );
document.write( "19 miles per gallon of gas. You are considering buying a new&#8203; fuel-efficient car for<BR>\n" );
document.write( "15,000 &#8203;(after trade-in on your current&#8203; car) that gets <BR>\n" );
document.write( "43 miles per gallon. Insurance premiums for the new and old car are &#8203;$<BR>\n" );
document.write( "1000<BR>\n" );
document.write( "700 per&#8203; year, respectively. You anticipate spending &#8203;$<BR>\n" );
document.write( "1300<BR>\n" );
document.write( "1300 per year on repairs for the old car and having no repairs on the new car. Assume gas costs &#8203;$<BR>\n" );
document.write( "3.00<BR>\n" );
document.write( "3.00 per gallon. Over a&#8203; five-year period, is it less expensive to keep your old car or buy the new&#8203; car?<BR>\n" );
document.write( "Over a&#8203; five-year period, the cost of the old car is &#8203;$\r<BR>\n" );
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document.write( "nothing<BR>\n" );
document.write( " and the cost of the new car is &#8203;$\r<BR>\n" );
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document.write( "nothing<BR>\n" );
document.write( ". &#8203;Thus, over a&#8203; five-year period, it is less expensive to  <BR>\n" );
document.write( "&#9660;<BR>\n" );
document.write( " <BR>\n" );
document.write( "keep your old car. <BR>\n" );
document.write( "buy the new car. <BR>\n" );
document.write( "&#8203;(Round to the nearest dollar as&#8203; needed.)  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #742597 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=742597\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Gas cost for old car is 52*330*$3/19 or $2709.47.<BR>\n" );
document.write( "For 5 years it is $13547.37 +$3500 insurance +6500 on repairs or $23,547.37 \r<BR>\n" );
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document.write( "For the new car the cost is 52*330*$3/43 or $1197.21, for 5 years $5986.05<BR>\n" );
document.write( "Add to that $5000 for insurance and $15000 for purchase, and total is $25,986.95\r<BR>\n" );
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document.write( "It is slightly more expensive to buy a new car over the five year period. </SPAN>\n" );
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