Solved: Use the information about car values on page 544 to explain how you can use

Chapter 9, Problem 24

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Use the information about car values on page 544 to explain how you can use exponential decay to determine the current value of a car. Include a description of how to find the percent decrease in the value of the car each year and a description of how to find the value of a car for any given year when the rate of depreciation is known.

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