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In the year 2006, a person bought a new car for $13500. For each consecutive year after that, the value of the car depreciated by 9%. How much would the car be worth in the year 2009, to the nearest hundred dollars?

 
 Oct 11, 2021
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PV ==13,500  x  0.91^3

      ==13,500  x   0.753571

      ==$10,173.21 - value of the car in 2009

 
 Oct 11, 2021

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