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Mathematics

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a car cost $20000 when it was purchased. the value of the car decreases by 8% each year. find the rate of decay each month and select the correct answer below.

-0.6667%
-0.81%
-0.0067%
-0.6924%

Answer :

EIVAD405GO EIVAD405GO

I think its -0.6667 because divide 8 by 12 and you get that

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