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3.. A GREAT INHERITANCE Having inherited some money, Raphal buys a car for $20,000, invests $4,000 at a quarterly compound interest rate of 2.3% and
3.. A GREAT INHERITANCE Having inherited some money, Raphal buys a car for $20,000, invests $4,000 at a quarterly compound interest rate of 2.3% and invests $7,000 at a monthly simple interest rate of 0.75%. The value of the car decreases by an average of 18% per year. What will the total value of the car and the two investments be in 10 years? 4. In Qubec, the annual registration fee for a passenger vehicle was $217.82 in 2016. If this fee increases by an average of 1.7% per year, how much will it be in 2030? 5. . Five years after buying a camera, Clothilde assesses its value at $497.25. The average depreciation rate of its value was 16% per year. What was the purchase price of Clothilde's camera
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