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Financial and opportunity costs

Question: Based on financial and opportunity costs, which of the following do you believe would be the wiser purchase?

Vehicle 1: A 3 year old car with 45,000 miles, costing $6,700, and requiring $385 of immediate repairs.

Vehicle 2: A 5 year old car with 62,000 miles, costing $4,500, and requiring $760 of immediate repairs.

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Finance Basics: Financial and opportunity costs

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Finance Basics: Financial and opportunity costs

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