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Mathematics, 05.05.2021 20:20 hlc614

A new Honda Civic costs $22,000 the year it is made. This car depreciates, losing value at a rate of 5% each year on average. After 3 years, what is the amount the car has lost in value? A. $ 1,045.92
B. $ 3,137.75
C. $ 6,287.42
D. $1 8,862.25

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