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Solution Library
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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