Multiple Choice
Charles has just purchased a car for $9 520. He expects that the value of this car will decline by 5% each year. Eventually Charles wants to sell this car for at least $6 000 and buy a new one. How many years should Charles use this car before he can sell it?
A) 12
B) 10
C) 8
D) 6
E) 4
Correct Answer:
Verified
Correct Answer:
Verified
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