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ACT® Math

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Moderate

Term in Geometric Sequence

ACTMAT-IGE5KV

A car is purchased for \$40,000.

If the car loses 22% of its value after each year, approximately how much is the car worth exactly 8 years after it was purchased?

A

$1$

B

$22$

C

$5000$

D

$5480$

E

$7026$