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Rating: 4.7/5 (20 votes cast)

Submitted by:  JohnD

Question:  A new car costs $32,000.  It is expected to depreciate 12% each year for 4 years and then depreciate 8% each year thereafter.  Find the value of the car in 6 years.

Answer:  No one will drive cars in 6 years with fuel going up like it is.

Depreciation, 4.7 out of 5 based on 20 ratings

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