# Car amortization

Assume that the car has a life 13 years and new cost 24000 euros. Calculate how much a month is amortized cost of the car over its lifetime.

Amortization is the gradual reduction of assets (cars, buildings), mainly due using or aging.

Amortization is the gradual reduction of assets (cars, buildings), mainly due using or aging.

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#### To solve this example are needed these knowledge from mathematics:

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