Depreciation. Derek is deciding between a new Honda Accord

Chapter 12, Problem 92

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Depreciation. Derek is deciding between a new Honda Accord and the BMW 325 series. The BMW costs $35,000 and the Honda costs $25,000. If the BMW depreciates at 20% per year and the Honda depreciates at 10% per year, nd formulas for the value of each car n years after it is purchased. Which car is worth more in 10 years?

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