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# 8 : The value of Melissa's Jeep is $ 2 8 , 0 0 0 and is depreciating at a rate of 1 point

8

: The value of Melissa's Jeep is $

28, 000

and is depreciating at a rate of

1

point

14 %

per year. Use an exponential function to find the value of the Jeep after

6

years. Round to the nearest cent.

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