What is the cars net annual cost

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Mary has bought a used car for $8,000. She plans to keep it for four years while she is in college, at the end of which it is likely to fetch $1000, If the maintenance cost is $500 per year, and i = 10% per year, what is the car's net annual cost? (If the cost is $2000, enter the answer as 2000, not -2000.)

Reference no: EM13977198

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