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22 September, 03:13

A new car is purchased for 17900 dollars. The value of the car depreciates at 13% per year. What will the value of the car be, to the nearest cent, after 7 years?

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  1. 22 September, 03:35
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    17,900 * (1-0.13) ^ (7)

    =6,752.86
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