A new car is purchased for $35,000 and over time its value depreciates by one half every 6 years. What is the value of the car 14 years after it was purchased, to the nearest hundred dollars?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter7: Conic Sections And Quadratic Systems
Section7.CM: Cumulative Review Exercises
Problem 51CM
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A new car is purchased for $35,000 and over time its value depreciates by one half every 6 years. What is the value of the car 14 years after it was purchased, to the nearest hundred dollars?
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