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QUESTION 7 . 1 POINT Matt purchased a new car for $30,000. The car depreciates approximately 12% of its value each year compounded continuously. How

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QUESTION 7 . 1 POINT Matt purchased a new car for $30,000. The car depreciates approximately 12% of its value each year compounded continuously. How much is it worth after 5 years? Round the answer to nearest dollar. Select the correct answer below: O 16,364 O 16,464 O 16,264 16,164 O 16,064 O 15,964

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