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8 July, 05:44

A new commercial oven is worth $24,000 when you buy it. The oven depreciates in 12 years. You pay $5,000 down, get $5,000 for trade-in restaurant equipment, and you make monthly payments of $83.00. When do you start paying more for the oven than it is worth?

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  1. 8 July, 08:07
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    It is worh about 17,000 at 14yrs
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