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3 December, 20:35

What is the value, after 7 years, of a 2014 Ford Mustang that originally costs $25,000.00 if it depreciates at a rate of 8% per year? Round your answer to the nearest dollar.

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  1. 3 December, 20:50
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    A=25,000 * (1-0.08) ^ (7)

    A=13,946.17
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