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A new car costs 15,000. The new delivery car will reduce costs by 5,860 / year for 3 years. At the end of three years,
A new car costs 15,000. The new delivery car will reduce costs by 5,860 / year for 3 years. At the end of three years, the car will be worn out. It will cost you $174 to have it towed to the junk yard. If the required rate of return is 10% APR compounded annually, what is the NPV of buying a car?
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