Mathematics, 02.03.2021 20:00 theresamarieuehling2
You bought a used car for $18,000. The value of the car will be less each year because of depreciation. The car depreciates (loses value) at the rate of 12% per year. Use the exponential decay model:
y = C(1 - r)t
Estimate the value of your car in 8 years.
a -6,743
b $12,946
c $11,949
d $6,473
Answers: 2
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You bought a used car for $18,000. The value of the car will be less each year because of depreciati...
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