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(Choose 1 answer)
☐ A
A condominium in an upscale part of the city was purchased for $420000. In 20 years it is worth $60000. Find
the rate of depreciation.
A. 21000
B. 3000
☐ E
☐ F
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sh the exam.
C. 18000
D. 1/18000
E. 1/3000
F. 1/21000
