Suppose that an automobile loses 1/5 of its value each year; that is, at the end of

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Suppose that an automobile loses 1/5 of its value each year; that is, at the end of any given year, the value is 4/5 of the value at the beginning of that year. If a car costs $20,000 new, what is its value at the end of 5 yr, to the nearest dollar?

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Suppose that an automobile loses 1/5 of its value each year; that is, at the end of

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Intermediate Algebra

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