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You currently drive 375 miles per week in a car that gets 18 miles per gallon...

You currently drive 375 miles per week in a car that gets 18 miles per gallon of gas. You are considering buying a new​ fuel-efficient car for​$15,000​(after trade-in on your current​ car) that gets 45 miles per gallon. Insurance premiums for the new and old car are$1000 and $500 per​ year, respectively. You anticipate spending ​$1500 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?

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