Frankie's weekly budget includes a long-term goal of purchasing a car. he is saving $15 a week toward that goal. he is considering saving up his money to purchase his grandmother's older car. frankie knows his grandmother has maintained the car and it is in good condition. she is also giving him a discounted price of $800. what should frankie consider before buying the car? check all that apply. what he will be giving up if he spends $800 on the car the cost to maintain and insure the car how many of his friends have cars his short- and long-term financial goals if an alternate mode of transportation, such as a bicycle or the bus, is sufficient for his needs

what he will be giving up if he spends $800 on the carthe cost to maintain and insure the car
his short- and long-term financial goalsif an alternate mode of transportation, such as a bicycle or the bus, is sufficient for his needs
these are right

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sohail09753 sohail09753 · Answer 2 · 2022-01-11T12:50:57+01:00

The decision of purchasing a car must be taken by Frankie after considering the following two points:

what he will be giving up if he spends $800 on the car
the cost to maintain and insure the car
his short- and long-term financial goals
if an alternate mode of transportation, such as a bicycle or the bus, is sufficient for his needs

Frankie an individual person when he wants to purchase a car that is his long-term goal. he must consider various things before making such a big expenditure.

The points to be noted before purchasing a car are:

what is the opportunity cost for Frankie for spending $800.
What will be the maintenance and insurance cost to be expensed by Frankie.
He must check his other short and long term goals.
Is the expense over car is a necessity for Frankie or he can use public transports.

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