Car amortization
Assume that the car has a life 11 years and a new cost 19000 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 to use or aging.
Final Answer:
Tips for related online calculators
Do you want to convert time units like minutes to seconds?
You need to know the following knowledge to solve this word math problem:
arithmeticUnits of physical quantitiesGrade of the word problem
Related math problems and questions:
- Machine depreciation
The initial price of the machine is 23,000 euros. Every year, 12% of its cost is depreciated due to wear and tear. What value will the machine have after six years? - Car cost comparison
Peter plans to buy a used seven-seater for a large family. The so-called van or MPV. The first car Renault Espace 2.0 dCi 16 V Dynamique 2006, costs 2000 euros + 350 euros registration for Slovak brands, imported from Italy. It is 14 years old and has a c - Curtain Width Multiple
Father gave Lucy €20 for a new curtain. Due to the pleating, the curtains are wider than the window width of 2 meters. Lucy spent all her money on the curtain, which cost 7.90 Euros per meter. Is the curtain a multiple of the width of the window? - Pension or fraud
Imagine working your entire career honestly, paying taxes and social insurance contributions (in Slovakia). You have a gross wage of 970 euros. You and your employer together pay 310 euros per month in social insurance contributions over 41 years, and you - Used cars
Peter plans to buy a used car: The first car was a Renault Espace 2.0 dCi 16 V Dynamique 2006, which cost 2000 euros. It is 14 years old and has a combined diesel consumption of 8 liters. / 100 km. Diesel costs 1.1 euros/liter. How much will the car cost - The fuel
The car's fuel was ¾ full at the beginning of the week. At the end of the week, there was ⅛ of a tank left. a. Did the car use more or less than ½ of a fuel tank? How do you know? b. How much more or less than ½ of a tank did it use? Show your work using - Retirement annuity
How much will it cost to purchase a two-tier retirement annuity that pays $2,000 at the end of every month for the first 10 years and $3,000 per month for the next 15 years? Assume a rate of return to the recipient of 7.6% compounded quarterly.
