My car depreciates 8.4% per year. Its original value was $20,000. Find its value 8 years later. Round to the dollar $

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.43TI: Sean’s new car loan statement said he would pay $4,866.25 in interest from an interest rate of 8.5%...
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My car depreciates 8.4% per year. Its original value was $20,000. Find its value 8 years later.
Round to the dollar $
Transcribed Image Text:My car depreciates 8.4% per year. Its original value was $20,000. Find its value 8 years later. Round to the dollar $
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