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  3. Study Set
    Financial Algebra Advanced
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    Exam 4: Automobile Ownership
  5. Question
    Sarah Bought a 7-Year Old Car for $10,500
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Sarah Bought a 7-Year Old Car for $10,500

Question 3

Question 3

True/False

Sarah bought a 7-year old car for $10,500.When the car was new,it sold for $21,000.Therefore,the depreciation rate is 9.4%.

Correct Answer:

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