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19 November, 23:34

A new car is purchased for 20300 dollars. The value of the car depreciates at 8.75% per year. What will the value of the car be, to the nearest cent, after 12 years?

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  1. 20 November, 00:34
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    You multiply 20300 by. 0875 and subtract what you get from the total 12 times, but you subtract what you get when you multiply by the percent by the number you get and you end up with 7418.99
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