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Questions and Answers
Based on the given information, what is the annual depreciation rate of Nina's car?
Based on the given information, what is the annual depreciation rate of Nina's car?
- 8%
- 7% (correct)
- 5%
- 6%
If Nina bought the car when it was 6 years old for $12,000, how old is the car now?
If Nina bought the car when it was 6 years old for $12,000, how old is the car now?
- 7 years
- 8 years
- 9 years (correct)
- 6 years
What was the current value of the car when Nina bought it for $12,000?
What was the current value of the car when Nina bought it for $12,000?
- $11,000
- $9,000
- $12,000
- $10,000 (correct)
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