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11 December, 17:07

A new car is purchased for $16,500. The value of the car depreciates at 5.75% per year. What will the value of the car be, to the nearest cent, after five years?

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  1. 11 December, 17:18
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    12,271.304

    Step-by-step explanation:

    100 - 5.75 = 94.25

    0.9425^ (5) = 0.7437154341

    0.7437154341 * 16500 = 12,271.3046626
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