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OpenStudy (anonymous):
A jet ski depreciates at 11% of its original value each year. If the jet ski was $8000 at its time of purchase, what is the value of the jet ski after 5 years?
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OpenStudy (anonymous):
my answer choices are $13,480.47 $7,120.00 $6,958.86 $4,467.25
OpenStudy (stamp):
\[V(t)=$8,000*(89\%)^t\]Where t is years.
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