You purchase a car for $16,000. The car's value depreciates 12% for each year of ownership. After how many years of ownership is
the value of the car about $14,000?
A) 1 year
B) 2 years
C) 3 years
D) 4 years
A) 1 year
B) 2 years
C) 3 years
D) 4 years
1 answer:
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