The car of her dreams costs $20,000. The car is expected to be replaced every 5 years.
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The car of her dreams costs $20,000. The car is expected to be replaced every 5 years. At the end of the fifth year, the car is expected to be sold at $5,000. Since she likes the car so much, she will replace it with an exactly similar car at the same cost.
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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