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OpenStudy (anonymous):
You bought a sports car for $89,000. What will the car be worth after 10 years if the depreciation rate is 8%? A. $38,660.57 B. $50,339.43 C. $82,130.93 D. $204,885.74
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OpenStudy (ghazi):
i think as far as i remember its \[Value= P(1-r)^n\] so that would be\[V=89,000(1-0.08)^{10}\]
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