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Consider the following situation, which involves two options. Determine which option is less expensive. Are there unstated factors that might affect your decision? You currently drive 325 miles per week in a car that gets 14 miles per gallon of gas. You are considering buying a new fuel-efficient car for $18,000 (after trade-in on your current car) that gets 51 miles per gallon. Insurance premiums for the new and old car are $900 and $700 per year, respectively. You anticipate spending $2000 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a five-year period, is it less expensive to keep your old car or buy the new car? and the cost of the new car is $ Thus, over a five-year period, it is less expensive to Over a five-year period, the cost of the old car is $ (Round to the nearest dollar as needed.) Are there unstated factors that might affect your decision? Select all that apply. A. Interest and number of years on any loans taken out to buy the new car B. Government incentives to purchase a new fuel efficient car C. No, there are no unstated factors that might affect the decision D. Inflation E. Time value of money F. Depreciation or future resale value for each car G. Any payments for purchasing the old car and number of payments remaining

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