CHAPTER Case Studies Jorge and Transportation Jorge is a junior at a state university. He's lived in the dorm for two years but is ready to move off campus for his remaining college time. After searching online, the found a house with a room for rent for $400 a month. The only downside is that the house is two miles from campus and Jorge doesn't have a car, although he's wanted one for a long time. He decides that moving off campus is the perfect reason to buy a car. Jorge has $3,000 in student loans but doesn't have to start paying them back until after he graduates in another two years. He decides that he can afford a car payment of $200 a month. Jorge begins to search for a car and finds a good used one fors5,000. He buys the car and moves off campus. 1. Did Sorge make the best decision by moving off campus and buying a car that he pays for with monthly payments? B i V Font Family - AAA = - = - = - OH 2. If yes, justify your answer. If no, develop an alternative plan for Jorge U Font Family - AAA = E.E. 3 what other options could lorge have chosen for his living and transportation? 1 V Font Family - AAA =- E