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A $25,000 purchase decreases 12% in value per year. Determine the values of the purchase after 3 years and after 7 years.
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A $25,000 purchase decreases 12% in value per year. Determine the values of the purchase after 3 years and after 7 years.

A $25,000 purchase decreases 12% in value per year. Determine the values of the purchase-example-1
User Akw
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Use Socratic or slider
User Ram Ch
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After the 3 years, the depreciation amount is $2,323.20 and the value is $17,036.80
After the 7 years, the depreciation amount is $1,393.22 and the value is $10,217.05

User Robince
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