A vehicle purchased for $20700 depreciates at a constant rate of 8 % . Determine the approximate value of the vehicle 13 years after purchase. Round to the nearest whole number. Submit Question

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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A vehicle purchased for $20700 depreciates at a constant rate of 8 % . Determine the approximate value
of the vehicle 13 years after purchase.
Round to the nearest whole number.
Submit Question
Transcribed Image Text:A vehicle purchased for $20700 depreciates at a constant rate of 8 % . Determine the approximate value of the vehicle 13 years after purchase. Round to the nearest whole number. Submit Question
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