Find the rate of depreciation if you bought a car for $20,000 and, after 4 years, it

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Find the rate of depreciation if you bought a car for $20,000 and, after 4 years, it is worth $12,800. Round to the nearest hundredth. Use the depreciation model y = a (1 - r) ^ t

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Posted Date: Mar 19, 2024 07:48 PM

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Find the rate of depreciation if you bought a car for $20,000 and, after 4 years, it

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To find the rate of depreciation r well use the given information and th... View the full answer

Financial Algebra advanced algebra with financial applications

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