Examine this geometric sequence of depreciating car values: If the original price of the car was $20,000,
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Examine this geometric sequence of depreciating car values:
If the original price of the car was $20,000, what is the depreciation rate? What will the car be worth after 6 years?
Transcribed Image Text:
$20,000 $18,400 $16,928 $15,573.76
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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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