Today Jim Jones purchased a new sports car for $80,000 Heexpects it to decrease in value at a rate of 6 compounded annuallyfor the next 5 years How much will the car be worth at the end ofthe 5th year if his expectations are correct

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Today Jim Jones purchased a new sports car for $80,000. Heexpects it to decrease in value at a rate of 6% compounded annuallyfor the next

Today Jim Jones purchased a new sports car for $80,000. Heexpects it to decrease in value at a rate of 6% compounded annuallyfor the next 5 years. How much will the car be worth at the end ofthe 5th year if his expectations are correct.

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