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A used car has a value of $15,250 when it is purchased in 2012. The...

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A used car has a value of $15,250 when it is purchased in 2012. The value of the car decreases at a rate of 7.5% per year.1. Write an exponential function that models the value y of the car over x years.2. To the nearest cent, what will be the value of the car after eight years?

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