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A car depreciates at the rate of 5% every year. If a car costs 650, 000 now, what is its value on the 5th year?

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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A car depreciates at the rate of 5% every year. If a car costs 650, 000 now, what is its value on the 5th year?

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