Mathematics, 29.01.2021 18:40 johnny2585

Kevin purchased a used car, a Ford Focus, for $10400. The car is expected to decrease in value by 22% per year over the next couple of years. What would be the decay factor (multiplier)?

If the trend continues how much would the car be worth 6 years after Kevin purchased the car?

Answers: 2

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Kevin purchased a used car, a Ford Focus, for $10400. The car is expected to decrease in value by 22% per year over the next couple of years. What would be the decay factor (multiplier)? If the trend continues how much would the car be worth 6 years after Kevin purchased the car?

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Other questions on the subject: Mathematics

Questions in other subjects:

Kevin purchased a used car, a Ford Focus, for $10400. The car is expected to decrease in value by 22% per year over the next couple of years. What would be the decay factor (multiplier)?

If the trend continues how much would the car be worth 6 years after Kevin purchased the car?