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8 February, 15:28

A new car is purchased for 17000 dollars. The value of the car depreciates at 12.25% per year. What will the value of the car be, to the nearest cent, after 14 years?

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  1. 8 February, 19:13
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    A=p (1-r) ^t

    A=17000 (1-0.1225) ^14

    A==2,728.40
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