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8 February, 21:32

16. Giorgio bought a car for $21,000. The value of the car depreciates 5% each year. What will the

value of the car be n years after Giorgio purchased it?

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  1. 8 February, 22:01
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    current value = 21000 (1 - 0.05) ^n

    Step-by-step explanation:

    This is a standard depreciation formula where n is the number of years.
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