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5. The average car depreciates at a rate of 20% the first year after purchase and 15% every year thereafter. If the original purchase price of a car is $25,000, which of the following functions f() models the worth of a car, in dollars, t years after its purchase? 123 O A) f0- 20,000(1-0.15) B) f(t) 20,000(1-0.15) C) f)= 25,000(1-0.20)" D) f(t)= 25,000(1-0.15)! %3D

5. The average car depreciates at a rate of 20% the first year after purchase and 15% every year thereafter. If the original purchase price of a car is $25,000, which of the following functions f() models the worth of a car, in dollars, t years after its purchase? 123 O A) f0- 20,000(1-0.15) B) f(t) 20,000(1-0.15) C) f)= 25,000(1-0.20)" D) f(t)= 25,000(1-0.15)! %3D

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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5. The average car depreciates at a rate of 20% the first year after purchase and 15% every year thereaften If the original purchase price of a car is $25,000, which of the following functions fO models the worth of a car, in dollars, tyears after its purchase? A) () 20,000(1-0.15) OB) /()= 20,000(1-0.15) CY F-25,000(1-0.20)" OC) f)= O D) f 25,000(1-0.15)' astant, s mis
Transcribed Image Text:5. The average car depreciates at a rate of 20% the first year after purchase and 15% every year thereaften If the original purchase price of a car is $25,000, which of the following functions fO models the worth of a car, in dollars, tyears after its purchase? A) () 20,000(1-0.15) OB) /()= 20,000(1-0.15) CY F-25,000(1-0.20)" OC) f)= O D) f 25,000(1-0.15)' astant, s mis
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