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Janice wants to buy a new car. The cost is $30,000. At the end of six years, the car is expected to be worth 20%
Janice wants to buy a new car. The cost is $30,000. At the end of six years, the car is expected to be worth 20% of the original price. (Show all work.)
a. What will the car value be in six years?
b. What is the annual depreciation on the car?
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