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Mathematics, 22.01.2021 19:50 sugar1014
Jody just purchased a vehicle with the intention of selling it in 6 years. The value of the vehicle at the time of purchase was $20,406.00. If this particular model vehicle depreciates at a rate of 12% per year, what should the approximate value of the car be when she sells it? (Hint: Use the formula for depreciation, y = A(1 - r)t, where A is the initial value of the car, r is the annual depreciation rate in percentage terms, and t is the amount of time that has passed in years.)
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Jody just purchased a vehicle with the intention of selling it in 6 years. The value of the vehicle...
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