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OpenStudy (raffle_snaffle):
J & K purchased a new car for one of their sales executives for $18146. It is estimated that the car will have annual expenses of $4072, with a salvage value of $6004 when it is replaced in 6 years. Assume an interest rate of 4% compounded annually. What is the present worth of this car?
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OpenStudy (raffle_snaffle):
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