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Purchased a car three years ago for $ 4 5 , 0 0 0 . As per company policy, they are planningto keep this vehicle
Purchased a car three years ago for $ As per company policy, they are planningto keep this vehicle for five more years before replacing it But the car will be needing some major repairs in the near future, so they are considering whether to keep this current vehicle or buy a newone. The dealer has told them that the market price of their current car today is $ and it will continue to depreciate at a rate of per year. The car maintenance costs will be $ per yearin the coming year, and they are going to increase each year by $y
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