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A new car that sells for $19,000 depreciates (decreases in value) 21% each year. What is the decay factor, b?

A new car that sells for $19,000 depreciates (decreases in value) 21% each year. What is the decay factor, b?
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A new car that sells for $19,000 depreciates (decreases in value) 21% each year. What is the decay factor, b?

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User Sshow
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1 Answer

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The decay factor would be .79 because 1 - .21 is .79
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User Jeff LaMarche
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