What is the present value of the cost of vehicle

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Reference no: EM131571403

What is the present value of the cost of a vehicle that costs $28,000 today and costs $3,800 per year to operate and will last for 20 years? You plan to sell the vehicle after 10 years for $10,000. The interest rate is 5%. (round to the nearest dollar)

Reference no: EM131571403

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