A new car was purchased in 2005 for $20,000. it depreciates at a rate of 9%. what year will the car have a value of $10,000 A.2016 B.2008 C.2010 D.2012

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asked Jul 27, 2021 141k views

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AI Snoek · Answer 1 · 2021-07-29T08:02:56+0000

Answer:

The second method is estimating the initial value of the car. Let's assume you were offered to buy a three-year-old car for $12,000. If you input the value into the "3 years" box, the car depreciation calculator will display the initial value of the car - in this case, over $20,500. You can now compare it to the price of a brand new car.

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A new car was purchased in 2005 for $20,000. it depreciates at a rate of 9%. what year will the car have a value of $10,000 A.2016 B.2008 C.2010 D.2012

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A new car was purchased in 2005 for $20,000. it depreciates at a rate of 9%. what year will the car have a value of $10,000 A.2016 B.2008 C.2010 D.2012​

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A new car was purchased in 2005 for $20,000. it depreciates at a rate of 9%. what year will the car have a value of $10,000 A.2016 B.2008 C.2010 D.2012