Question 6 Question 4.12 Question Value = 5 Tom is considering purchasing a $20,500 car. After five years, he will be able to sell the vehicle for $8,500. Petrol costs will be $2,200 per year, insurance $700 per year, and parking $550 per year. Maintenance costs will be $1,100, rising by $400 per year thereafter. The alternative is for Tom to take taxis everywhere. This will cost an estimated $5,500 per year. Tom will rent a vehicle each year at a total cost (to year-end) of $700 for the family vacation, if he has no car. If Tom values money at 10% annual interest, should he buy the car? Use an annual worth comparison method {Perform all calculations using 5 significant figures and round any monetary answers to the nearest cent}. The annual cost of operating an Auto is: 2/5] The annual cost of using taxis as an alternative is: [2/5] Which option should Tom take (enter either 'Auto' or 'Taxi"? [1/5]