Joel looks up the value of his four-year-old vehicle and finds that the average resale value is

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Joel looks up the value of his four-year-old vehicle and finds that the average resale value is $6,000. He paid $13,000 for the vehicle new. How much has it depreciated over the four years he has owned it, in percentage terms?

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

ISBN: 978-0470111239

1st Edition

Authors: Vickie L. Bajtelsmit, Linda Rastelli

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Question Posted: Jun 05, 2024 02:04 AM

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Joel looks up the value of his four-year-old vehicle and finds that the average resale value is

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

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