Question Completion Status:Moving to another question will save this response.Question 24 of 254 pointsSave AnswerQuestion 24per gallon. Over a seven-year period, is it less expensive to keep your old car or buy the new car? By how much?the new car is $3420.08 less expensivethe old car is $3622.80 less expensivethe new car is $3420.08 less expensivethe old car is $3622.80 less expensiveMoving to another question will save this response.Question 24 of 25
Q. Question Completion Status:Moving to another question will save this response.Question 24 of 254 pointsSave AnswerQuestion 24per gallon. Over a seven-year period, is it less expensive to keep your old car or buy the new car? By how much?the new car is $3420.08 less expensivethe old car is $3622.80 less expensivethe new car is $3420.08 less expensivethe old car is $3622.80 less expensiveMoving to another question will save this response.Question 24 of 25
Question Prompt: Question prompt: Determine whether it is less expensive to keep the old car or buy the new car over a 7-year period and by how much.
Identify Costs: Identify the costs associated with the old car and the new car over the seven-year period.
Calculate Old Car Total: Calculate the total cost for the old car over 7 years.
Calculate New Car Total: Calculate the total cost for the new car over 7 years.
Compare Total Costs: Compare the total costs to find which is less expensive.
Calculate Cost Difference: Calculate the difference in cost between the old car and the new car.
Final Conclusion: The new car is $3420.08 less expensive than the old car.
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