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Asked by Kyla

A new $12,000 automobile decreases in value every year. What is it's value 7 years from now?
17 years ago

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Answered by DrBob222
You need to specify HOW MUCH the value decreases. My personal experience is that I lose about $5,000 when I drive a new car off the show room floor. :-(
17 years ago
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A new $12,000 automobile decreases in value every year. What is it's value 7 years from now?

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