Multiple Choice
Flora's Flowers bought a new van last year for $10,000.It can now sell the van for $8,500.To buy this year's model of the same van it would have to pay $11,000.What is the implicit rental rate using the car for one year at a zero percent interest rate?
A) $2,500
B) $3,500
C) $1,000
D) $10,000
E) $1,500
Correct Answer:
Verified
Correct Answer:
Verified
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