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An automobile is depreciating at 13% per year every year. A $52,000 car depreciating at this rate can be modeled by the equation V(t)
An automobile is depreciating at 13% per year every year. A $52,000 car depreciating at this rate can be modeled by the equation V(t) = 52, 000(0.87)*. What is an equivalent equation for this vehicle at a daily depreciation, and what is it worth (rounded to the nearest dollar) 5 years after purchase? 52,000(0.87) , $51,901 52, 000(0.9996), $51,896 52,000(0.87) 365+, $25,918 52, 000(0.9996) 365, $25,056
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