03-03-2022
Mathematics

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You have recently purchased a new truck for $20,000, by arranging financing for the next five years. You are curious to know what your new truck will be worth when the loan is completely paid off. Assume that the value depreciates at a constant rate of 15%.
What is the initial value?

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03-03-2022

Answer:

the initial value would be 23,000

Step-by-step explanation:

because 20,000 + 15%

is 23,000

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