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please dont solve i already did. thanks 12.10 An automobile costs $500 due at the time of purchase plus twelve end-of-month payments of $2000 each.
please dont solve i already did. thanks
12.10 An automobile costs $500 due at the time of purchase plus twelve end-of-month payments of $2000 each. If the automobile will be kept for thirty months, then sold for $10.000. d the owner's nominal annual minimum attractive rate of return is 6%, then the monthly equivalent cost of ownership is nearest: (A) $480 (B) $550 (C) $1130 (D) $1870 Step by Step Solution
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