Mathematics, 12.02.2021 16:10, xdimplesjoon

A new car is purchased for $44,000 and over time its value depreciates by one half every 5.5 years. What is the value of the car 3 years after it was purchased, to the nearest hundred dollars?

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A new car is purchased for $44,000 and over time its value depreciates by one half every 5.5 years....