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Mathematics, 18.03.2021 01:00 ghughes665

Your parents car initially costs $18,000 and it depreciates at a rate of 12% a year. How much will the car be worth after 5 years. Using this equation, when your parents give you the car when the value drops below $2,000, in what year of depreciation will you become the owner?

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Your parents car initially costs $18,000 and it depreciates at a rate of 12% a year. How much will t...
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