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Mathematics, 15.04.2021 06:30 ELIZABETH7777

A bike is worth $16025 new. It depreciates at a rate of 7% a year.
Interest is compounded yearly.
What is the value after 20 years? (nearest penny)

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A bike is worth $16025 new. It depreciates at a rate of 7% a year.
Interest is compounded yea...

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