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29 April, 05:14

A new car is purchased for 17300 dollars. The value of the depreciates at 9.25% per year. What will the value of the car be, to the nearest cent, after 15 years

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  1. 29 April, 05:35
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    Answer:4034.09

    Step-by-step explanation: You put it in terms of p (1-r) ^t. R, being the rate and T being the time. Since value of the car depreciates you hate to subtract. So for (1-r) you would put (1 - 0.0925). And then plug 15 in for t. Lastly plug that into a calculator and that's the answer.
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