Question: Susan is considering buying a 2 0 1 7 Smart ForTwo costing $ 2 1 , 6 3 5 and finds that the retaining values

Susan is considering buying a 2017 Smart ForTwo costing $21,635 and finds that the retaining values of the vehicle over next five years are as follows: Percent of the total value retained after 36 months: 28% Percent of the total value retained after 60 months: 17%If her interest rate is 6% compounded annually, what is the ownership cost of the vehicle over three years? Five years?

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