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16 August, 13:44

Chris buys a car for $24,000. If the car loses value at a rate of 9% per year, what will it be worth in 5 years? Round to the nearest dollar.

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  1. 16 August, 13:58
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    Itll be worth 77,217 in 5years
  2. 16 August, 14:08
    0
    A=p (1-r) ^n

    A=24,000 * (1-0.09) ^ (5)

    A=14,976.77
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