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8 January, 22:30

The original purchase price of a car is $14,000. Each year, its value depreciates by 10%. three years later after its purchase, what is the value of the car?

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  1. 8 January, 23:52
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    A=p (1-r) ^t

    A=14,000 * (1-0.10) ^ (3)

    A=10,206
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