Define financial and opportunity costs

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

Vehicle 1: A three-year-old car with 45,000 miles, costing $16,700 and requiring $1,385 of immediate repairs.

Vehicle 2: A five-year-old car with 62,000 miles, costing $14,500 and requiring $1,760 of immediate repairs.

Reference no: EM131486183

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