The value of your favorite car was $40,000 in 2019. You can only afford to pay $25,000. The depreciation rate is 12%. When can you afford the car?

asked Dec 26, 2022 66.7k views

4 votes

4.7k points

Please log in or register to add a comment.

2 votes

Answer:

3.13 years

Explanation:

if that 12 percent was how much is depreciated each year

4.8k points

6 votes

Answer:

$40,000 Car Loan. Calculate the Monthly Payment.

Explanation:

Ankur Verma answered Dec 30, 2022

4.6k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers