Multiple Choice
A car was purchased in 1980 for $12,000. Its value in current dollars depreciates steadily at a rate of 14% per year. What will the car's value be at the beginning of 2003?
A) $1920.05
B) $745.20
C) $628.52
D) $373.81
Correct Answer:
Verified
Correct Answer:
Verified
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