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Questions and Answers
Which of the following represents the largest cost when owning a car?
Which of the following represents the largest cost when owning a car?
- Insurance
- Fuel
- Interest on car loan
- Depreciation (correct)
What is the average annual depreciation rate for a car after the first year?
What is the average annual depreciation rate for a car after the first year?
- 13%
- 16%
- 17.5% (correct)
- 25%
You paid $27,705 for a 2021 Ford F-150 regular cab truck. What is the estimated value of your truck after 4 years?
You paid $27,705 for a 2021 Ford F-150 regular cab truck. What is the estimated value of your truck after 4 years?
- $27,705
- $20,779
- $17,142
- $14,142 (correct)
Which of the following factors affects fuel costs?
Which of the following factors affects fuel costs?
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Which car would cost the most in fuel for a month's time?
Which car would cost the most in fuel for a month's time?
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Which car would cost the most in a year?
Which car would cost the most in a year?
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What is the registration fee for a $30,000 car in Iowa?
What is the registration fee for a $30,000 car in Iowa?
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