SOLUTION: If a vehicle depreciates at 40%, what is the growth factor
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Question 1156433: If a vehicle depreciates at 40%, what is the growth factor
Answer by ikleyn(52824) (Show Source): You can put this solution on YOUR website!
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The price decreases, so it would be strange to use the term "the growth factor".
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comment from student : That’s probably an error my teacher made. I guess it means depreciation factor
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My response : The depreciation factor in this case is 1 - 0.4 = 0.6. ANSWER
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