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Calculation Of Car Annual Depreciation

Question

A used car costs $120,000. The car can be sold for $10,000 after six years. What is the annual cost (depreciation and interest costs) if the discount rate is 9%?

Summary

The question belongs to Finance and it discusses about calculation of annual depreciation cost of a car with a discount rate of 9%. The solution has the calculation.

Total Word Count 44

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    Giuseppe

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