It is known that the present worth of salvage value of a car at the end...

Question:

It is known that the present worth of salvage value of a car at the end of its 10th year is $2,070. What was the purchase price of the car if its depreciation rate is 20% and MARR is 10%? A.$55,300
B. $38,600 C.$50,000
D. $40,000 E.$19,300?

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