A used car costs $15,000. The repair contract costs $500 at the end of the first year

Chapter 10, Problem 11

(choose chapter or problem)

A used car costs $15,000. The repair contract costs $500 at the end of the first year and increases by 20% at the end of each subsequent year. Find the total cost of owning the car for ten years. Include the payment at the end of the tenth year.

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