Suppose a car was worth $35,000 in 2012 . And that it decreases in value by some

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Suppose a car was worth $35,000 in 2012 . And that it decreases in value by some fixed percent each year, so that by 2016 its value had depreciated to $18,000. By what percent is the value decreasing each year?

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Posted Date: Nov 14, 2023 12:38 AM

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Suppose a car was worth $35,000 in 2012 . And that it decreases in value by some

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To find the annual depreciation rate you can use the formula Annual... View the full answer

Introduction to Corporate Finance What Companies Do

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