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You traded in your older model car for an electric car that saves you $3.500 a year in gas, maintenance and insurance. After adjusting for

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You traded in your older model car for an electric car that saves you $3.500 a year in gas, maintenance and insurance. After adjusting for the value of the trade-in, your out-of-pocket cost is only $15,000. With discount rate of 3% what is the net benefit of the trade-in over 10 years (assuming that the value of both cars will be down to zero in 10 years so no salvage value to consider). Edit View insert Format Tools Table 12pt Paragraph B I AQT2

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