A car sells for 7 5 0 0 originally and depreciates in value by 1 8 %

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A car sells for

7500

originally and depreciates in value by

18 %

each year for

15

years. at this time the car, still in mint condition becomes a classic and begins to increase in value by

25 %

each year. how much will the car be worth when it is

25

years old?

Related Book For answer-question

Applied Statistics In Business And Economics

ISBN: 9780073521480

4th Edition

Authors: David Doane, Lori Seward

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Posted Date: Apr 18, 2024 06:34 PM

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A car sells for 7 5 0 0 originally and depreciates in value by 1 8 %

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To calculate the value of the car when it is 25 years old we need to consider the depreciation and a... View the full answer

Applied Statistics In Business And Economics

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