Mathematics, 20.03.2021 04:20 zeesharpe05
3. Depreciation: You're a big baller, so you bought a brand new BMW 7 Series back in 2012 with the
performance V-8 xDrive engine. It cost a whopping $137,000. Fast forward five years later to 2017, and you
want to sell it. What you didn't know at the time is that on average, BMW 7 Series curs depreciate (decrease) in
value 17 8% each year. How much is your car worth after just these five years? Would you buy a new BMW
again knowing how much it loses in value?
Answers: 3
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3. Depreciation: You're a big baller, so you bought a brand new BMW 7 Series back in 2012 with the...
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