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25 August, 11:09

5. A truck with a purchase price of $32,000 depreciates 8% per year. What is the value of the truck after two years?

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  1. 25 August, 11:52
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    P (x) = price of truck ($)

    p (x) = 29000 (.88) ^x

    value of truck after 7 yrs=$11851.59
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