A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole dollar. 24 Preview Get help: Video

Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the
approximate value of the vehicle 12 years after purchase. Round to the nearest whole dollar.
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Transcribed Image Text:A vehicle purchased for $25,000 depreciates at a constant rate of 9% per year. Determine the approximate value of the vehicle 12 years after purchase. Round to the nearest whole dollar. 2$ Preview Get help: Video MacBook Pro G Search or type URL 5944 (6\ %2$ & 3 5 6. 7 8. E R T Y D F G H. K C B command option V しの
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