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Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $1.11 per mile C. $4.91 per mile $550.00 $400.00 $90.00 $100.00 20% What is the cost per mile over the course of a year for a $24,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $0.25 per mile D. $0.59 per mile

Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $1.11 per mile C. $4.91 per mile $550.00 $400.00 $90.00 $100.00 20% What is the cost per mile over the course of a year for a $24,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $0.25 per mile D. $0.59 per mile

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $1.11 per mile C. $4.91 per mile $550.00 $400.00 $90.00 $100.00 20% Fernational Academy of Science. All Rights Reserved. O What is the cost per mile over the course of a year for a $24,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $0.25 per mile D. $0.59 per mile
Transcribed Image Text:Expense Gas Insurance Oil Registration Depreciation Yearly cost or rate A. $1.11 per mile C. $4.91 per mile $550.00 $400.00 $90.00 $100.00 20% Fernational Academy of Science. All Rights Reserved. O What is the cost per mile over the course of a year for a $24,000 car that depreciates 20%, with costs shown in the table, and that has been driven for 10,000 miles? B. $0.25 per mile D. $0.59 per mile
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Cost per mile over the year = Total Cost / Total miles driven

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