Written by Cassandra Garnett
June 10, 2018 |
Year | Accrued Payment | Depreciation % | Depreciation Amount | Car Value | Equity |
---|---|---|---|---|---|
1 | $3,571.43 | 20.00% | $5,000.00 | $20,000.00 | -$1,428.57 |
2 | $7,142.86 | 20.00% | $4,000.00 | $16,000.00 | -$1,857.14 |
3 | $10,714.29 | 20.00% | $3,200.00 | $12,800.00 | -$1,485.71 |
4 | $14,285.71 | 20.00% | $2,560.00 | $10,240.00 | -$474.29 |
5 | $17,857.14 | 20.00% | $2,048.00 | $8,192.00 | $1,049.14 |
6 | $21,428.57 | 10.00% | $819.20 | $7,372.80 | $3,801.37 |
7 | $25,000.00 | 10.00% | $737.28 | $6,635.52 | $6,635.52 |
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