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You always need a car and are considering purchasing either a Toyota Prius or a FordFusion Hybrid. The Prius costs $30,000 today and costs $3,000 per year to operate and will lastfor 12 years. The Fusion Hybrid costs $28,000 today and costs $2,700 per year to operate andwill last for 10 years. The interest rate is 10%. Everything else equal, which car would you buyand why? (Show answer using financial calculator)

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Financial Management, Finance

Category:- Financial Management
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