A more practical example (Applications)The formula to calculate the current value of a second-hand Land Rover isCurrentValue = NewValue x (1.5)-yearsoldA Landy cost $60,000 to buy new.What is it worth when “yearsold” = 0 (why?)What is it worth after a year?
567000000000•In words, what is this number?•This is not an easy task – at least it IS easy to make silly errors3
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