Question #47355
Amanda has bought a second-hand car for $4,000. She plans to keep it for four
years, at the end of which it is likely to fetch $500, If the maintenance cost is $350 per
year, and i = 8% per year, what is the car's net annual cost?
years, at the end of which it is likely to fetch $500, If the maintenance cost is $350 per
year, and i = 8% per year, what is the car's net annual cost?
Expert's answer
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#340153 on Dec 2023
#340153 on Dec 2023
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