* Question Completion Seatur:A Moving to another question will swe this response.Question 24 of 254 peintsSinet AntintQuestion 24per gallon. Over a sevenyear period, is it less expendive to keep your old car or buy the new car? By how much?the new car is \$\(3420\).\(05\) less expertive\(\newline\)the old car is \( \$ 3622.80 \) less expensive\(\newline\)the new car is \( \$ 3420.06 \) inse expensive\(\newline\)the old car is \( \$ 3622.80 \) less expensive\(\newline\)A Moving to another question will save this response.\(\newline\)Question \(24\) ol \(25\)
Q. * Question Completion Seatur:A Moving to another question will swe this response.Question 24 of 254 peintsSinet AntintQuestion 24per gallon. Over a sevenyear period, is it less expendive to keep your old car or buy the new car? By how much?the new car is \$\(3420\).\(05\) less expertive\(\newline\)the old car is \( \$ 3622.80 \) less expensive\(\newline\)the new car is \( \$ 3420.06 \) inse expensive\(\newline\)the old car is \( \$ 3622.80 \) less expensive\(\newline\)A Moving to another question will save this response.\(\newline\)Question \(24\) ol \(25\)
Question Prompt: Question prompt: Determine whether it is less expensive to keep the old car or buy the new car over a seven-year period, and by how much.
Comparison Analysis: To solve this, we need to compare the total costs of keeping the old car versus buying the new car over 7 years.
Old Car Cost Calculation: Let's assume the cost to keep the old car for 7 years is given or can be calculated.
New Car Cost Calculation: Similarly, assume we know the total cost of buying and using the new car for the same period.
Cost Difference Calculation: Subtract the cost of the new car from the cost of the old car to find the difference. If the result is positive, the old car is less expensive by that amount; if negative, the new car is less expensive.
Final Calculation: Let's say the old car costs X over seven years. We subtract $3420.05 (the given cost for the new car) from X.
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