Question 1175532
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Hi
Every year the value of the car depreciates 15% of its previous value.
0r is <u>worth 85% of its previous value.</u>

Depreciated Value = 1.2M(.85)^n

After five years: 
 Depreciated Value = 1.2M(.85)^5 = .532446M Or 532,446 pesos

Wish You the Best in your Studies.
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