A $45,500 car uses $2,600/year of gas & oil, needs a $3,200 repair at 18-months, and...

 

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A $45,500 car uses $2,600/year of gas & oil, needs a $3,200 repair at 18-months, and has a trade-in value of $27,500 in 30-months. If the value of money is 3.8% (ignore inflation), what is the present value of investing in this car? A $45,500 car uses $2,600/year of gas & oil, needs a $3,200 repair at 18-months, and has a trade-in value of $27,500 in 30-months. If the value of money is 3.8% (ignore inflation), what is the present value of investing in this car?