considering all factors\nfrankies weekly budget includes a long - term goal of purchasing a car. he is…

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

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

Answer

Brief Explanations:

When making a purchasing decision, especially for a significant - cost item like a car, one should consider opportunity costs (what is given up), maintenance and insurance costs, financial goals, and alternative transportation options. The number of friends with cars is not a relevant financial or practical factor in this decision - making process.

Answer:

  • what he will be giving up if he spends $800 on the car
  • the cost to maintain (oil, tires, gas, brakes) 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