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A car is purchased for $8000 and is run the same distance each year. Annual costs are $1000. The trade-in value is $3900 at the

A car is purchased for $8000 and is run the same distance each year. Annual costs are $1000. The trade-in value is $3900 at the end of the first year, but decreases $550 each year. When should the car be traded in to minimize the annual cost?

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