Manny is an online student who currently owns an older car that is fully paid for. He drives, on average, 160 miles per week to commute to work. With gas prices currently at $2.29per gallon, he is considering buying a morefuel-efficient car, and wants to know if it would be a good financial decision.

The old car Manny owns currently gets 20 miles per gallon for average fuel efficiency. It has been a great vehicle, but with its age, it needs repairs and maintenance that average $660per year (as long as nothing serious goes wrong).

The newer, more fuel-efficient car that he is looking at to purchasewill cost a total of $5,500 over a three-year loan process. This car gets 31 miles per gallon and would only require an average of $10per month for general maintenance. To help make a decision, Manny wants to calculate the total cost for each scenario over three years. He decides to use the quantitative reasoning process to do this.

Calculate

1. What is the Total Cost for Three Years to keep the old car?

2. What is the total cost for three years to Buy the fuel-efficient used car?