A car was valued at $41,000 in the year 1990. The value depreciated to $12,000 by the year 2004. A) What was the annual rate of change between 1990 and 2004? r = 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 2007 ? value = $ Round to the nearest 50 dollars.

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