for 18000 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 14 years

Question

for 18000 dollars. The value of the car depreciates at 13.5% per year. What will the value of the car be, to the nearest cent, after 14 years
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Solution 1

To calculate the value of the car after 14 years, we need to apply the annual depreciation rate of 13.5% to the initial value of $18,000 each year.

Here are the steps:

  1. Convert the depreciation rate from a percentage to a decimal by dividing by 100. So, 13.5% becomes 0.135.

  2. Subtract the dep Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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