Jenna isn’t sure if she should buy an extended warranty for her new laptop. Use the PACED decision-making process to help her decide. Here is some information you will need to know: The laptop costs $950, and the cost of the extended warranty is $99. The extended warranty covers everything for five years. Under the extended warranty, the repairs may be done at a local store. Otherwise, the laptop will need to be sent to the manufacturer for repairs. The laptop comes with a one-year limited warranty. Repairs may cost anywhere between $50 and $450.