A new car is purchased for 16500 dollars. The value of the car depreciates at 5.75% per year. What will the value of the car be, to the nearest cent, after 5 years?

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A: I have Provided this answer in step-2.

Q: A new car is purchased for 16500 dollars. The value of the car depreciates at 5.75% per year. What…

A: We have to calculate the value of car to the nearest cent after 5 years with depreciates at 5.75%

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