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A used car has a value of $15,250 when it is purchased in 2012. The value of the car depreciates at a rate of 7.5% per year. Write an exponential function that models the value of the car, y, over x years. To the nearest cent, what will be the value of the car after eight years? WRITER

User Harun
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F(x) = a(1 - r)^x

F(x)= 15250( 1-7.5%)^8 = 8173

User Senasi
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