When you buy a new car it is a depreciating asset. Which means the moment you purchase your car it begins losing value. If you tried t

Question

When you buy a new car it is a depreciating asset. Which means the moment you purchase your car it begins losing value. If you
tried to sell it back to the dealership they would pay you less than you bought it for. The depreciation of a car is around 15% per
year. Complete the graphic organizer below for a car worth $20,000

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Delwyn 1 week 2021-07-22T23:01:24+00:00 1 Answers 1 views 0

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    0
    2021-07-22T23:02:34+00:00

    I can’t see the graph but I’ll try anyway

    Answer:

    x      y

    0     $20,000

    1      $18,000

    2     $16,200

    3     $14,580

    4     $13,122

    5     $11,809.80

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