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Kaylis [27]
3 years ago
5

Financial Decision. You have a​ $7,000 balance on your car loan at​ 11% interest. Your favorite aunt has just left you​ $10,000

in her will. You decided to pay off the car loan and invest the difference. Now you no longer have a​ $350 per month car payment. Suggest some ways you might use these additional funds.
Business
1 answer:
almond37 [142]3 years ago
8 0

Answer: any of the above (put an additional $350 per month toward a retirement plan… use the $350 to pay off a personal loan…. Invest the $350 per month in mutual funds

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Answer:

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Straight line method of depreciation is a method of calculating depreciation expense of an asset after years of usage.

Given;

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To determine the depreciation amount recorded during the first year ending 31st December;

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