[See Solution] Suppose it is estimated that the value of a car depreciates 30% per year for the first 5 years. The equation is A=P_0(0.7)^t yields the value
Question: Suppose it is estimated that the value of a car depreciates 30% per year for the first 5 years. The equation is \(A={{P}_{0}}{{\left( 0.7 \right)}^{t}}\) yields the value (A) after t years, if the original price is \({{P}_{0}}\) . Find the value of each of the following cars after the indicated time.
- $16,500 car after 4 years
- $22,000 car after 2 years
- $27,000 car after 5 years
- $40,000 car after 3 years
Deliverable: Word Document 
(Solution Library) Use the formula A=P(1+r/n)^nt to find the total amount
![[Solution] Use the formula A=P(1+r/n)^nt to find](/images/solutions/MC-solution-library-59939.jpg "[Solution] Use the formula A=P(1+r/n)^nt to find the total amount")
[Solution] Use the formula A=P(1+r/n)^nt to find the total amount
(Step-by-Step) Use the formula A=P(1+r/n)^nt to find the total
![[Steps Shown] Use the formula A=P(1+r/n)^nt to](/images/solutions/MC-solution-library-59941.jpg "[Steps Shown] Use the formula A=P(1+r/n)^nt to find the total amount")
[Steps Shown] Use the formula A=P(1+r/n)^nt to find the total amount
![[All Steps] Write the first five terms](/images/solutions/MC-solution-library-59942.jpg "[All Steps] Write the first five terms of the sequence.")
[All Steps] Write the first five terms of the sequence.
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