Question

Ava is a college student, who received a full academic scholarship. As a reward for her hard work in high school, her parents gave her $75,000 they had been saving to pay for her college. Ava put $10,000 in her checking account as an emergency fund, and is investing the rest. Yesterday, her car broke down. The mechanic says it will cost $4,000 to make the repairs. Her car is paid for, and she could probably sell it for about $3,000. Brainstorming, Ava came up with the following options:

Repair her current car
Sell her car and use the $3,000 as a down payment for a new car.
Sell her car and use the $3,000 plus some of her emergency fund for a used car

Which of these options would you recommend for Ava?      

Explain your choice:

Answer 1

development of cars that run on fuels that pollute less and cost less than gasoline

Step-by-step explanation:

study island :)

Answer 2

Sell her car and use the $3,000 plus some of her emergency fund for a used car because if the damage on her car is causing around $4,000 you never know what more problems the car may bring that cost more money so be on the safe side I say she should get a new car to not have to worry about it costing more money to fix up.