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20 November, 16:21

A new car is purchased for 16400 dollars. The value of the car depreciates at 8.25% per year. What will the value of the car be, to the nearest cent, after 10 years?

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  1. 20 November, 18:36
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    16400*0.0825 = 1353

    1353*10 = 13530

    16400-13530 = $2870
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