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A student purchases a car for $12,500. The car loses its value at a rate of 20% per year. After how many years will the car's value fall below $5,000?
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A student purchases a car for $12,500. The car loses its value at a rate of 20% per year. After how many years will the car's value fall below $5,000?

User Jack Nock
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11 votes
After 5 years it will fall below $5000.
User Jake Cronin
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