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QUESTION 1 If you buy a car for $23,000 use it for 8 years and then sell it for $9,000, what is the capital recovery
QUESTION 1 If you buy a car for $23,000 use it for 8 years and then sell it for $9,000, what is the capital recovery cost of the car if your MARR is 8%? QUESTION 2 You just received money from an investment that you made 8 years ago. If you receive $47,865 and had originally invested $16,894, what rate of return did you get? (post your answer in %, i.e. type in 10 for 10%)
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