A car that cost $20,000 depreciated by 20% each year. Find the value of the car at the

Chapter 6, Problem 40

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A car that cost $20,000 depreciated by 20% each year. Find the value of the car at the end of each of the first four years. (A depreciation of 20% means that the value of the car each year was 0.80 times the value the previous year.)

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