A car was valued at $37,000 in the year 1994. The value depreciated to $15,000 by the year 2005. A) What was the annual rate of change between 1994 and 2005? 7 = Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? r = %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2008? value = $ Round to the nearest 50 dollars.

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