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The value V of an item after 7 years is given by the following formula,...

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Basic Math

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The value V of an item after 7 years is given by the following formula, assuming linear depreciation,V = C-Crt,where C is the original cost and r is the rate of depreciation expressed as a decimal.If you buy a car for $7830 and it depreciates linearly at a rate of 17% per year, what will be its value after 9 months? Round your answer to the nearest cent.

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