Question 753942
A car depreciates at a rate of 4.5% annually.  Greg purchased a car for $12,500.  Which equation can be used to determine the value of the car, V, after 5 years?
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Each year it's worth (100 - 4.5)% of the year before.
--> 0.955 of its worth.
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For 5 years,
V = {{{12500*0.955^5}}}