Question: A student purchased a used car for $ 5 , 0 0 0 three months ago. The car now needs a major repair which will

A student purchased a used car for $5,000 three months ago. The car now needs a major repair which will cost $2,000. If the student decides to keep the car and make the repair to the car, then the out-of-pocket costs will be:
$5,000
$7,000
$2,000
A student purchased a used car for $5,000 three months ago.

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