A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How
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A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How long did it take for the car to depreciate to this amount? Round your answer to the nearest tenth of a year.
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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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