Ed's new car has a value of $23,500, but it is expected to depreciate at a rate of 7.5% per year. What is the value of Ed's car after 7 years? Round to the nearest dollar, as needed. so O $14,720 $13,616 O $142,162

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 33PT
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Ed's new car has a value of $23,500, but it is expected to depreciate at a rate of 7.5% per year. What
is the value of Ed's car after 7 years? Round to the nearest dollar, as needed.
$0
$14,720
$13,616
O $142,162
Transcribed Image Text:Ed's new car has a value of $23,500, but it is expected to depreciate at a rate of 7.5% per year. What is the value of Ed's car after 7 years? Round to the nearest dollar, as needed. $0 $14,720 $13,616 O $142,162
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