Car amortization

Assume that the car has a life 11 years and 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 using or aging.

Correct answer:

a =  143.9 Eur/m

Step-by-step explanation:

y=11 n=12 x=19000 eur  a=n yx=12 1119000=143.9 Eur/m



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