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14 July, 12:14

A new car is purchased for 25000 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be, to the nearest cent, after 15 years?

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  1. 14 July, 14:34
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    A=25000 (1-0.0825) ^15

    A=6,871.18
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