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Mathematics, 30.08.2019 03:30 clgnwekgklqwejg8619

Doug bought a new car for $25,000. he estimates his car will depreciate, or lose value, at a rate of 20% per year. the value of his car is modeled by the equation v = p(1 – r)t, where v is the value of the car, p is the price he paid, r is the annual rate of depreciation, and t is the number of years he has owned the car. according to the model, what will be the approximate value of his car after 4 1/2 years?
$2,500
$9,159
$22,827
$23,802

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