A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How

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A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How long did it take for the car to depreciate to this amount? Round your answer to the nearest tenth of a year.

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Financial Algebra Advanced Algebra With Financial Applications

ISBN: 9781337271790

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

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Question Posted: Sep 14, 2022 01:39 AM

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A new car sells for $27,300. It exponentially depreciates at a rate of 6.1% to $22,100. How

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We will use The depreciation formula to find the peri...View the full answer

Financial Algebra Advanced Algebra With Financial Applications

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