A car vehicle price history for a certain make and model contains the following list of yearly

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A car vehicle price history for a certain make and model contains the following list of yearly price values:

The original price of the car was $21,000. It exponentially depreciated to $18,900 after 1 year and continued depreciating by the same percentage each year thereafter. What will the value of the car be after 8 years?

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 14, 2022 01:38 AM

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A car vehicle price history for a certain make and model contains the following list of yearly

Question:

$21,000 $18,900 $17,010 $15,309 $13,778.1 $12,400.29

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The value of the car be after 8 yea...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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