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Suppose a car was worth $35,000 in 2012 . And that it decreases in value by some fixed percent each year, so that by 2016
Suppose a car was worth $35,000 in 2012 . And that it decreases in value by some fixed percent each year, so that by 2016 its value had depreciated to $18,000. By what percent is the value decreasing each year?
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To find the annual depreciation rate you can use the formula Annual...
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Introduction to Corporate Finance What Companies Do
Authors: John Graham, Scott Smart
3rd edition
9781111532611, 1111222282, 1111532613, 978-1111222284
