Question: An Xbox depreciates in value, which means that its value becomes less and less as time passes. Your new Xbox is worth $500 at the

An Xbox depreciates in value, which means that its value becomes

An Xbox depreciates in value, which means that its value becomes less and less as time passes. Your new Xbox is worth $500 at the moment and its value drops approximately 4% each year. Use your equation to find out how much your Xbox will be worth in 7 years.

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