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28 June, 17:00

A new car is purchased for 16600 dollars. The value of the car depreciates at 9.75% per year. What will the value of the car be, to the nearest cent, after 8 years?

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  1. 28 June, 17:17
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    A=16600 (1-0.0975) ^8

    A==7,306.10
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