1. 5 to 20%
2. i don't know but most likely worker compensation insurance because medicare and social security aren't any form of insurance and unemployment insurance doesn't cover injury related compensation.
3.shopping around for the best deal. I will say shopping around for the best deal because before contacting the agent, searching for the best deal comes first.
4. more investor are willing to take risk.
5. i don't know what CD here implies
6. profit
7.trustworthy someone as borrower. credit score are related to borrower
8. i don't know
9.investing less money in high risk investment.
The cost of the car after 5 years from then, will be $15652.99.
Given here, the depreciation every year(r) 7% or 0.07per year, asset cost (of the car) is $22,500 and time period (n) is 5 years.
The value after 5 years can be calculated as,
Depreciated value = asset cost ×(1-r) n
= 22500 × (1-0.07) 5
= 15652.99$.
Thus, the car worths 15652.99$ after 5 years.
The worth of an asset after its useful life is expired, as it is diminished over time by depreciation, is its depreciated cost. The asset’s worth is continuously diminished by figuring out how much it will cost to depreciate it, but the depreciated cost technique always permits accounting records to represent an item at its current value.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life.
To learn more about Depreciation, refer this link.
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