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May 24, 2015

Homework Help: Math

Posted by Crystal on Monday, November 12, 2012 at 5:27pm.

The value of a car after it is purchased depreciates according to the formula v(n)=28000(0.875)^n where v(n) is the car's value in the nth year since it was purchased. How much value does it lose in its fifth year?
The answer is $2052 but I don't see how; please explain how to get all the answers and all your steps! I have a test tomorrow

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