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LazyLegion LazyLegion
  • 09-03-2017
  • Mathematics
Answered



Chris buys a car for $24,000. If the car loses value at a rate of 9% per year, what will it be worth in 5 years? Round to the nearest dollar.

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-03-2017

A=p(1-r)^n
A=24,000×(1−0.09)^(5)
A=14,976.77

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