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?

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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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Examine this geometric sequence of depreciating car values: If the original price of the car was $20,000,

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$20,000 $18,400 $16,928 $15,573.76

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Financial Algebra Advanced Algebra With Financial Applications

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