FINANCIAL LITERACY ASSIGNMENT a. 4. Depreciation and Appreciation: A holiday trailer depreciates in value between...
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FINANCIAL LITERACY ASSIGNMENT a. 4. Depreciation and Appreciation: A holiday trailer depreciates in value between 10% to 15% per year. If your family purchases a holiday trailer for $29,000.00 and they plan on selling it in 4 year, what is the most that they could expect to sell it for if these depreciation percentages are correct? b. In some housing markets, it is predicted that homes will continue to appreciate at 4% per year into the future. If you purchase a home for $435,500.00, what can you expect to sell it for after 11 years, if this appreciation percentage is correct
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