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.


Result

x =  153.8 Eur/m

Solution:

x=24000/(12⋅13)=153.8 Eur/mx = 24000/(12\cdot 13) = 153.8 \ \text{Eur/m}

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