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The average car depreciates at a rate of 14% per year. Mr. Wixted wants to buy a new sports car for $30,048. At this rate of depreciation, what will the car be worth in 5 years? Round your answer to the
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The average car depreciates at a rate of 14% per year.

Mr. Wixted wants to buy a new sports car for $30,048.

At this rate of depreciation, what will the car be worth in 5 years?

Round your answer to the nearest hundredth.

User Andreas Hartmann
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That will be 1000 because :explanation
User Wysocki
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