Car Depreciation Calculator Tool

Car Depreciation Calculator

Car Depreciation Calculator

Parameter Description Example Value
Initial Car Value The initial purchase price of the car. $30,000
Depreciation Rate The annual depreciation rate of the car (e.g., 15%). 15%
Number of Years The number of years the car is owned. 5 years
Depreciated Value The value of the car after depreciation (Initial Car Value * (1 – Depreciation Rate)^Number of Years). $12,217.15

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