Question: Answer the following question ( s ) using the information below. John's 5 - year - old Geo Prizm requires repairs estimated at $ 2

Answer the following question(s) using the information below.
John's 5-year-old Geo Prizm requires repairs estimated at $2,900 to make it road worthy again. His friend Julie suggested that he buy a 5-year-old used Honda Civic instead for $3,000 cash. Julie estimated the following costs for the two cars:
Geo Prizm Honda Civic
Acquisition cost $15,000 $3,000
Repairs $2,900-
Annual operating costs
(Gas, maintenance, insurance) $2,280 $2,100
What should John do? What are his savings in the first year?
Question 19Select one:
a.
Fix the Geo Prizm; $5,280
b.
Buy the Honda Civic; $180
c.
Buy the Honda Civic; $15,080
d.
Fix the Geo Prizm; $2,820
e.
Buy the Honda Civic; $80

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