Mathematics, 22.01.2021 20:40 kawsu

A new car is purchased for $47,000 and over time its value depreciates by one half every 4.5 years. What is the value of the car 23 years after it was purchased, to the
nearest hundred dollars?

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A new car is purchased for $47,000 and over time its value depreciates by one half every 4.5 years....