A car was valued at $34,000 in the year 2009. By 2013, the car value had depreciated to $12,000. If the car's value continues to drop by the same percentage, what will it be worth in 2020? Round to the nearest dollar. %24

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Q: profit

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A: Answer is mentioned below

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A: Given that: P = $45,000 S = $11,000 t = 2013-2009 = 4 years. Use the compound interest formula,…

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