lan's new BMW cost him $75,000. From the moment he drives it off the lot, it will depreciate by 15% each year for the first five years. What will the car's value be at the end of the 5 years?

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 1C
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lan's new BMW cost him $75,000. From the moment he drives it off the lot, it
will depreciate by 15% each year for the first five years. What will the car's
value be at the end of the 5 years?

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