terrell31
12.10.2020 •
Mathematics
Looking for an answer to this question, an explanation would be great!
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Ответ:
$6752.86
Step-by-step explanation:
Given that the value of a car that costs $17900 depreciates at 13% per year, the value of the car in 7 years time will be:
The formula we will use is
V(t) = P(1 - r)^t
where P = 17900 r = 13% = 0.13 and t = 7
V(t) = 17,900 * (1 -0.13)^7
V(t) = $6752.86