Suppose a particular type of car is expected to lose about 7.1% of its value every year. Suppose you purchased the car for $25,691. How much would the car be worth after 7 years?
Added by Rebecca S.
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1%: Annual depreciation = $25,691 * 7.1% = $25,691 * 0.071 = $1,823.961 Show more…
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