Asked by bugie
Glenn bought a car for $ 600,000.The yearly depreciation of his car is 10% of its value at the start of the year.What is its value after 4 years?
Answers
Answered by
Steve
each year the car is worth 90% of its prior value, so
600000*0.9^4
That's some car!! Sure it was not a house or a yacht?
600000*0.9^4
That's some car!! Sure it was not a house or a yacht?
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