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Nathan Wants to Buy a Car That Costs $25,920

Question 19

Multiple Choice

Nathan wants to buy a car that costs $25,920.He has $3,000 as a down payment,and his payments will be $450 for 6 years.Through research he discovers that the value of the car will depreciate to a value of zero in 12 years.After how long will the expenses of the car be equal to the value of the car?


A) 2 years
B) 3 years
C) 4 years
D) 5 years

Correct Answer:

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