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Mathematics, 16.10.2020 01:01 mshepherdmiller

In 2004, Ryan bought a new boat for $32,500. The boat was worth $21,500 in the year 2008. If Ryan knows that the value of the boat depreciated linearly, what was the annual rate of change of the boat's value? Round your answer to the nearest hundredth if necessary.

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In 2004, Ryan bought a new boat for $32,500. The boat was worth $21,500 in the year 2008. If Ryan kn...
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