A new Hyundai Triburon has a book value of $22,000, and after 2 years a book value
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Question:
A new Hyundai Triburon has a book value of $22,000, and after 2 years a book value of $14,000. What is the car’s value in 4 years? Apply the formula N = N0e-rt, where N represents the value of the car. Round to the nearest hundred.
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