A car was valued at $31,000 in the year 1990. The value depreciated to $15,000 by the year 2003.
A) What was the annual rate of change between 1990 and 2003?
= Round the rate of decrease to 4 decimal places.
B) What is the correct answer to part A written in percentage form?
= %.
C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007 ?
value = $ Round to the nearest 50 dollars.

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