A car purchased for $14, 000 depreciates at a constant rate of 12 % . What will be the value of the car in 9 years. The value in 9 years is $ Round answer to 2 decimal places

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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A car purchased for $14, 000 depreciates at a constant rate of 12 % . What will be the value of the car in
9 years.
The value in 9 years is $
Round answer to 2 decimal places
Transcribed Image Text:A car purchased for $14, 000 depreciates at a constant rate of 12 % . What will be the value of the car in 9 years. The value in 9 years is $ Round answer to 2 decimal places
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