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A car was valued at $30,000 in the year 1992. The value depreciated to $13,000 by the year 2000. Use the compund interest formula

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A car was valued at $30,000 in the year 1992. The value depreciated to $13,000 by the year 2000. Use the compund interest formula S = P(1+r) to answer the following questions. A) What was the annual rate of change between 1992 and 2000? T => Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? T- %. C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2005 ? value = $ Round to the nearest 50 dollars.

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