Elliot's dad bought a new car for $31,000 in 2012. Elliot read that a new loses...

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Elliot's dad bought a new car for $31,000 in 2012. Elliot read that a new loses about 13% of its value each year. What is the multiplier for this situatin 7-61. Elliot's dad bought a new car for $31,000 in 2012. Elliot read that a new loses about 13% of its value each year. What is the multiplier for this situatin 7-61.