SOLUTION: A new car valued at $20,000 loses 10% of its value upon first leaving the acr yard and then depreciates by 5% each year. What is the value, to the nearest dollar, of the car after
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Question 1118940: A new car valued at $20,000 loses 10% of its value upon first leaving the acr yard and then depreciates by 5% each year. What is the value, to the nearest dollar, of the car after 3 years?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
(0.95)^3)
John
My calculator said it, I believe it, that settles it
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