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Posted on Sep 20, 2024

Your purchase an automobile in 2 0 1 3 for $ 2 0 , 0 0 0 . You drive the automobile for 1 year

Your purchase an automobile in

2013

for $

20, 000 .

You drive the automobile for

1

year and then sell it for $

15, 000 .

Your total return on this asset is negative

25 % .

True or false?

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