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6 August, 14:27

A new car that sells for $21,000 depreciates (decreases in value) 16% each year. Write a function that models the value of the car. Find the value of the car after 3 years.

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  1. 6 August, 14:35
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    A=p (1-r) ^t

    A=21,000 * (1-0.16) ^ (3)

    A=12,446.784=12447
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