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A car is purchased for $31,000. Each year it loses 30% of its value. After how many years will the car be worth $9700 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. years X

A car is purchased for $31,000. Each year it loses 30% of its value. After how many years will the car be worth $9700 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. years X

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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ALEKS- Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the time to reach a limit in a word problem on exponential growt... years A car is purchased for $31,000. Each year it loses 30% of its value. After how many years will the car be worth $9700 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. Explanation Check X myPascoConnect S 15 © 2023 McGraw Hill LLC. All Rights Reserved Terms of Use Privacy Center Ha
Transcribed Image Text:ALEKS- Harley Biltoc - Learn O Exponential and Logarithmic Functions Finding the time to reach a limit in a word problem on exponential growt... years A car is purchased for $31,000. Each year it loses 30% of its value. After how many years will the car be worth $9700 or less? (Use the calculator provided if necessary.) Write the smallest possible whole number answer. Explanation Check X myPascoConnect S 15 © 2023 McGraw Hill LLC. All Rights Reserved Terms of Use Privacy Center Ha
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