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OpenStudy (anonymous):
Kathy plans to purchase a car that depreciates (loses value) at a rate of 14% per year. The initial cost of the car is $21,000. Which equation represents the value, v, of the car after 3 years? a) v=21,000(0.14)^3 b) v= 21,000(0.86)^3 c) v=21,000(1.14)^3 d) v= 21,000(0.86)(3)
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