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A car was valued at $36,000 in the year 2009. By 2013, the car value had...

A car was valued at $36,000 in the year 2009. By 2013, the car value had depreciated to $15,000. If the car's value continues to drop by the same percentage, what will it be worth in 2020? Round to the nearest dollar.

Solutions

Expert Solution

Hence , The value of car in 2020 will be 3240 dollars.


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