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The value V of an item after I years is given by the following formula, assuming linear depreciation, V = C - Crt, where C
The value V of an item after I years is given by the following formula, assuming linear depreciation, V = C - Crt, where C is the original cost, and r is the rate of depreciation expressed as a decimal. If you buy a car for $73,497 and it depreciates linearly at a rate of 21 % per year, what will be its value af 15 months? Round your answer to the nearest cent
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