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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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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