A car exponentially depreciates at a rate of 8.5% per year. Mia purchased a 4-year-old car for $17,500. What was the original price of the car when it was new? Round your answer to the nearest thousand dollars. Use the equation: y = A(1 – r) x where A is the car’s initial value, x is the elapsed time in years, r is the percent of depreciation, and y is the value of the car after x years.

Questions 7-8. use the following table to answer. year 2006 2007 2008 2009 2010 2011 2012 2013 cpi 201.6 207.342 215.303 214.537 218.056 224.939 229.594 232.957 7. suppose you bought a house in 2006 for $120,000. use the table above to calculate the 2013 value adjusted for inflation. (round to the nearest whole number) 8. suppose you bought a house in 2013 for $90,000. use the table above to calculate the 2006 value adjusted for inflation. (round to the nearest whole number)