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Susan is considering buying a 2 0 1 7 Smart ForTwo costing $ 2 0 , 5 6 5 and finds that the retaining values
Susan is considering buying a Smart ForTwo costing $ and finds that the retaining values of the vehicle over the next six years are as follows:
Percent of the total value retained after months:
Percent of the total value retained after months:
If her interest rate is compounded annually, what is the ownership cost of the vehicle over two years? six years?
Click the icon to view the interest factors for discrete compounding when per year.
The ownership cost of the vehicle over two years is $ Round to the nearest dollar.
The ownership cost of the vehicle over six years is $ Round to the nearest dollar.
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