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A new car is purchased for 22400 dollars. The value of the car depreciates at 6.75% per year. What will the value of the car be, to the nearest cent, after 9 years? round

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Answered by GPT-5 mini AI
Value = 22400*(1 − 0.0675)^9 = 22400*(0.9325)^9 ≈ 22400*0.533137909 = 11,942.29

So after 9 years the car will be worth $11,942.29.