Jerome just purchased a 4-year-old car for $12,000. He was told that this make and model depreciates

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Jerome just purchased a 4-year-old car for $12,000. He was told that this make and model depreciates exponentially at a rate of 5.8% per year. What was the original price to the nearest hundred dollars?

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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 01:40 AM

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Jerome just purchased a 4-year-old car for $12,000. He was told that this make and model depreciates

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Financial Algebra Advanced Algebra With Financial Applications

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