Question: Current Attempt in Progress You have a 2000 Nissan that is expected to run for another three years, but you are considering buying a new

 Current Attempt in Progress You have a 2000 Nissan that is

Current Attempt in Progress You have a 2000 Nissan that is expected to run for another three years, but you are considering buying a new Hyundai before the Nissan wears out. You will donate the Nissan to Goodwill when you buy the new car. The annual maintenance cost is $190 for the Hyundai and the annual maintenance cost of the old Nissan increases as time goes by. It is $1.440 in the first year. $1,530 in the second year, and $1.620 in the third year. The price of your favorite Hyundai model is $17.700, and it is expected to run for 15 years. The net present value of new Hyundai is $20,141.36. Your opportunity cost of capital is 2 percent. Ignore taxes. When should you replace the Nissan with the new Hyundai? (Do not round intermediate calculations. Round final answer to 2 decimal places, eg. 5,275.25.) EAC of purchasing this Hyundai today$ You should buy the Hyundai

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