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What will the car depreciated value be in another four year

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Question - A Wolfsrudel car depreciates at 15% per annum. Jake has just bought one that is four years old at its depreciated value of $30,000.

a. What will the car's depreciated value be in another four years?

b. Find the average loss in value over the next four years.

c. What was the new price of the car?

d. Find the average loss in value over the four years from when it was new?

Reference no: EM133129851

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