Mathematics, 26.03.2021 03:10 bri0521
The average depreciation in value of a new car is 20% at the end of the first year. The depreciation rate then drops to 10%yearly for the next four years. Suppose that after one year, a car that was
purchased new is worth $27,560 after the initial depreciation.
What is the value of the car four years later?
$18,082
$17,956
$17,455
$18,628
Answers: 3
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The average depreciation in value of a new car is 20% at the end of the first year. The depreciation...
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