Question 1197911
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A vehicle purchased for $ 22400 depreciates {{{highlight(exponentially)}}} at a constant {{{highlight(exponential)}}} rate of  9% . 
Determine the approximate value of the vehicle  14 years after purchase.
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<pre>
    This approximate value is  {{{22400*(1-0.09)^14}}} = {{{22400*0.91^14}}} = 5981.74 dollars (rounded).    <U>ANSWER</U>
</pre>

Solved.


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To see many other similar &nbsp;(and different) &nbsp;solved problems, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/logarithm/Problems-on-appreciated-depreciated-values.lesson>Problems on appreciated/depreciated values</A> 

in this site.