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11 February, 05:00

A car valued at $15,000 depreciates 13% per year. What is the

value of the car after 4 years?

$4.28

$24,457 10

$2,820.48

$8,59346

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Answers (1)
  1. 11 February, 05:23
    0
    Value = $15,000 * (.87) ^ Years

    After 4 years,.87 ^ 4 = 0.57289761

    Value = $15,000 * 0.57289761 =

    8,593.46
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