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Author Question: A 17,500 truck is estimated to have a value of 7,200 after 4 years. What is the truck's estimated ... (Read 64 times)

naturalchemist

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on: Jun 24, 2018
A 17,500 truck is estimated to have a value of 7,200 after 4 years. What is the truck's estimated average annual depreciation?

Question 2

Mark McCormick is planning to buy a home by making a 12,000 down payment. He will finance the remaining 110,000 of the home's selling price with a 25 year mortgage at a 7 rate. His monthly mortgage payment will be 777.46. How much will Mark have paid at the end of the 25 year mortgage?


jharrington11

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Reply #1 on: Jun 24, 2018
Answer to Question 1

2,575

Answer to Question 2

245,238


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