A car was valued at $28,000 in the year 1992. The value depreciated to $11,000 by the year 2002. A) What was the annual rate of change between 1992 and 2002? Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2007 ? value = $ Round to the nearest 50 dollars. %3D Question Help: I Video Message instructor Submit Question

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