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Kaylakeyonna1:
You bought a used boat for $2500. The boat depreciates at a rate of 7%. Estimate the reality of the boat in 2 years. Formula: y=C(1−r)t
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Elsa213:
Welcome to QuestionCove. :D This might help: http://www.mhhe.com/math/devmath/streeter/bms/graphics/streeter5bms/ch06/others/strB_6.5.pdf
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