Chantels car originally sold for $46,600. It depreciates exponentially at a rate of 10.3% per year. Chantel
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Chantel’s car originally sold for $46,600. It depreciates exponentially at a rate of 10.3% per year. Chantel put $12,000 down and pays $800 per month to pay off the balance. After how many years will her car value equal the amount she paid to date for the car? What will that value be?
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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