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1 4 A car dealership wants to try out a new leasing arrangement, which will allow a buyer to trade a car back to
1 4 A car dealership wants to try out a new leasing arrangement, which will allow a buyer to trade a car back to the dealership for a certain amount of credit at any time throughout the first four years of ownership. For a car in good condition, the arrangement will value the car at the original price at the end of four years, and will depreciate the value of the car linearly over the course of the four years. What is the value of a car with initial purchase price P at the end of the first year? Write your answer as an expression in terms of P. Write the exact answer. Do not round. Answer Keypad Keyboard Shortcu
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