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  • 3 years ago

Mauricio purchased a car for $19,655. It depreciates about 4.7% each year. What is the value of the car after eight years?

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  1. iop360
    • 3 years ago
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    P(1-r)^x P is your initial value(19,655) r is the rate the car is depreciating at as a decimal(0.047) x is the number of years (8) plug these values in and you should get your answer

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