Formatting Blackline Masters
If the car is purchased, the interest for the first year would be $1,638 on a three-year loan and $1,711 on a four-year loan. If the car is purchased, the depreciation expense the first year will be 22% of the purchase price and the interest lost on money invested in the car will be $101. The Rushworths’ combined gross income is $45,000 a year. ................
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