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QUESTION 2 Ruth intends to buy a car worth R 3 6 0 0 0 0 to use it as Uber and sell it in
QUESTION
Ruth intends to buy a car worth R to use it as Uber and sell it in years. The car is expected to give her an average monthly profit of R and this profit remains constant until the car is sold at a scrape value of R at the end of the tenth year.
a Illustrate with the aid of a diagram the cashflow diagram for this investment.
b Assess whether this proposal is worth going for using the present worth method if the MARR is
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