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If the value of a car depreciates 1/5 the first year, and 1/10 of its preceding value each year after that, what is the value of a four year old car that originally sold for 30,000?

 May 22, 2022
 #1
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30000 * 4/5 * 0.9 *0.9 *0.9

 May 22, 2022

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