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Midsize cars depreciate (lose value) at a rate of 8.5% per year. a.If someone paid $14,100 for a midsize car 5 years ago, what is
Midsize cars depreciate (lose value) at a rate of 8.5% per year. a.If someone paid $14,100 for a midsize car 5 years ago, what is its value now? Round to the nearest whole dollar. $ b.If someone pays $18,200 for a midsize car today, after how many years (rounded to one decimal place) would we expect it to be worth $11,000? years
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