document.write( "Question 1188264: You bought a new Honda Accord in April 2018 for $24,500. The car has depreciated at a continuous rate of 13% annually. Now, you want to buy a different car, so it's time to sell your Honda.
\n" ); document.write( "What is the value of the car, to the nearest hundred dollars, in April 2021?
\n" ); document.write( "Your neighbor offers you $17,000 to buy your Honda. Is it a good deal? Should you take his offer?\r
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Algebra.Com's Answer #819322 by Alan3354(69443)\"\" \"About 
You can put this solution on YOUR website!
You bought a new Honda Accord in April 2018 for $24,500. The car has depreciated at a continuous rate of 13% annually. Now, you want to buy a different car, so it's time to sell your Honda.
\n" ); document.write( "What is the value of the car, to the nearest hundred dollars, in April 2021?
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\n" ); document.write( "That's 3 years. Each year it's worth 87% of the year before.
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\n" ); document.write( "FV = 24500*0.87*0.87*0.87 = 24500*0.87^3
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\n" ); document.write( "Your neighbor offers you $17,000 to buy your Honda. Is it a good deal? Should you take his offer?
\n" ); document.write( "\"good deal\" is not a clearly defined term.
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