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28 September, 18:50

A financial survey estimated that, on average, the retail value of a mid-sized car decreases 8% annually. If the value of a mid-sized car in a particular year is $15,600, which equation represents its value (V) after n years?

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  1. 28 September, 18:57
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    V=15600 * (0.92) ^n

    where v is value and n is years
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