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A car is purchased for 20,000. After each year, the resale value decreases by 25%. What will the resale value be after 4 years?

Use the calculator provided and round your answer to the nearest dollar.

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justicehall2002

Pretty sure you'd use the decay formula y = b(1-r)[tex]^{t}[/tex] so y = 20,000(1-0.25)[tex]^{4}[/tex] which equals $6328

The t and the 4 are supposed to be superscripts

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