Joe purchases a truck for $44.598. He expects the useful
ife of the truck to be 18 years at which time its value will have depreciated
to $13.545. The annual depreciation rater (in decimal form) is given by the formula
wheren is the useful life of the item (in years). S is the salvage value in dollars and C is the
original cost in dollars) What annual depreciation rate did the dealership use (express the
answer in decimal form rounded to the nearest 100th)
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