MATH MFB3C-Eric wants to sell his 3-year old car. The car had an MSRP of $35 350.

Eric wants to sell his 3-year old car. The car had an MSRP of $35 350. Eric knows that the average annual depreciation of the make and model of his car is 23%. He does want to sell it for less than $25 000. Is this realistic? Explain your reasoning.

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